HYPE Price Analysis: Can the Bounce Hold After a Sharp Intraday Drop?

Hyperliquid’s HYPE token is trading around $39, showing a mild 1. 7% 24-hour recovery, even as the broader market faces pressure from cascading liquidations and macro-driven volatility. While HYPE has moved slightly higher today, the intraday chart reveals meaningful weakness beneath the surface, and traders are watching closely to see whether the recent bounce is sustainable source: https://www.ethnews.com/hype-price-analysis-can-the-bounce-hold-after-a-sharp-intraday-drop/