Hyperliquid Price Faces Further Decline as Bearish Fractal Signals Downside

The cryptocurrency market is struggling to recover from the October 10 crash, which resulted in over $19 billion in liquidations. This downturn has impacted various altcoins, leading to a significant correction for many tokens, including Hyperliquid (HYPE). As of this week, HYPE’s price continues to decline with a 16% weekly loss. Beyond short-term fluctuations, technical indicators suggest potential downside movement.