Hyperliquid (HYPE) Chart Suggests Bullish Rally Despite Downtrend

The cryptocurrency market experienced a downturn on April 3rd, 2025, following U.S. President Trump’s reciprocal tariffs on 185 countries. This triggered a broader sell-off in risk assets, including cryptocurrencies. Hyperliquid (HYPE), the decentralized derivatives exchange token, suffered an 17% drop over the last 24 hours, bringing its 90-day correction to 52%. Investors are seeking clarity on whether the worst is over for HYPE. However, a historical fractal analysis suggests HYPE may be poised for a bullish reversal, mirroring Avalanche’s (AVAX) impressive rally in 2021.