Hyperliquid Breaks Rising Channel: Is HYPE Heading Toward $54 Next?

28-May-2026 TronWeekly
HyperliquidHyperliquid (HYPE) is showing signs of weakening momentum after breaking below its rising channel following rejection near the $64 level. While technical indicators still reflect broader bullish strength and institutional adoption continues to expand through Talos integration, traders are now watching key support and resistance zones for confirmation of either renewed upside or deeper correction.
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