Could Hyperliquid’s Price Rebound Continue? Expert Analysis Shows Potential for Upside Move

The cryptocurrency market has recently experienced a significant downturn, with Ethereum (ETH) suffering its worst Q1 since 2018. This bearish trend impacted the altcoin sector, including Hyperliquid’s native token (HYPE), which saw a decline of over 67% after failing to break resistance at $28.45. However, HYPE has shown signs of a rebound with a 25% monthly gain, narrowing its year-to-date drop to 25%. An interesting observation is the presence of a classic harmonic pattern, hinting at further price increases.