Hyperliquid (HYPE) Slides 16% In One Week And Nears $11 Support

Hyperliquid (HYPE) is under pressure, down 16% over the past seven days as technical indicators increasingly point toward bearish control. Momentum has weakened sharply, with the Relative Strength Index (RSI) dropping below 40 and showing no signs of strong buying interest since late March. At the same time, the Directional Movement Index (DMI) shows sellers gaining dominance, with a rising ADX suggesting a potential strengthening of the downtrend. As HYPE approaches key support levels, the market now waits to see if bulls can mount a recovery—or if further downside is ahead source: https://beincrypto.com/hyperliquid-hype-slides-16-in-one-week-and-nears-11-support/