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Hyperliquid has emerged as one of the strongest performers in the crypto market. While Bitcoin is down nearly 28% and Ethereum has fallen around 40%, HYPE is up about 25% over the past month and nearly 10% in seven days. Even in the latest session, the Hyperliquid price has gained close to 3%.
However, behind this outperformance, multiple technical and derivatives indicators suggest that the rally may be losing internal strength. Failed breakouts, weakening volume, and rising leverage risks are now…