HYPE Price Forms Double Bottom as Hyperliquid Volume Declines HYPE price has dropped to $12.10, marking a critical support level after a decline in volume on Hyperliquid’s decentralized platform. The market cap has fallen from $9.7B in December to $4.43B. Key points: Volume on Hyperliquid has decreased from $197B in January to $159B in March, mirroring broader market trends. HYPE price formed a double-bottom pattern at $12.11 on March 13, with a bullish reversal target at $17.26. A major loss for Hyperliquid occurred due to Jelly token manipulation, resulting in backlash, but the platform promised compensation to affected users. HYPE’s technicals show a potential rebound, targeting $17.26 if momentum continues. However, a drop below $12.10 would suggest further downside risk.
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