Hyperliquid (HYPE) has experienced a significant decline in price, falling nearly 15% over the past week and dropping out of the top 20 cryptocurrencies. This decline is attributed to criticism regarding the project’s transparency and centralization issues. Technical indicators show conflicting signals, with the DMI suggesting continued bearish momentum and the BBTrend indicating possible stabilization. The Average Directional Index (ADX) has increased, signaling a strengthening downtrend, while the +DI (buying pressure) has decreased and the -DI (selling pressure) has increased, confirming seller control. The BBTrend has recently turned positive, indicating a potential easing of selling pressure. However, sustained buying interest will be necessary to reverse the bearish momentum. The downtrend is expected to continue, with a possible drop to $12, unless there is a reversal at the $14.99 support level. A reversal could lead to a retest of the resistance at $22 and potentially push the price above $30, returning HYPE to the top 20 altcoins.



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