Hyperliquid (HYPE) Pullback Signals Short-Term Correction, Will It Bounce Back?

The cryptocurrency market experienced a sharp downturn on June 13th, 2025. Ethereum’s price fell by almost 9%, dropping near $2,500 due to geopolitical tensions between Israel and Iran. This volatility affected other altcoins, including Hyperliquid (HYPE), which saw a decline of over 6%. Charts suggest this drop is not solely due to global headlines but rather a key technical pattern indicating a short-term correction may be underway.