After a strong rise there is always a strong correction and I will call this normal market behavior.
Hyperliquid entered the TOP20 altcoins by market capitalization and now sits at #11. Amazing feat.
In a matter of 65 days, between 7-April and 11-June, HYPEUSDT grew a very nice 373%.
A correction can take prices back below the 0.618-0.786 Fib. retracement support range. Which means between $16.7 and $22.5.
As usual, after the bearish wave is over, we can expect a new wave of growth. This one should unravel fast.
Thank you for reading and for your continued support.
Additional details can be found on the chart.
Namaste.
