Hyperliquid ($HYPE) Faces Short-Term Pullback as TD Sequential Signals Caution

The cryptocurrency market for Hyperliquid ($HYPE) shows signs of a temporary pullback. The indicator, the TD Sequential, has flashed a sell signal on its 12-hour chart, suggesting that momentum might be weakening after a substantial rally. Analysts highlight that the signal could precede a short-term correction or price consolidation before a further upward movement. The market may see a brief pause after a 55% surge, as indicated by recent price rejection near the $49-$50 resistance zone and widening Bollinger Bands. This is coupled with an overbought Stochastic RSI reading near 97, indicating rising volatility and potential consolidation.