Could Hyperliquid’s Chart Suggest a Potential Bounceback Amidst Market Dip?

Recent market volatility has left the cryptocurrency landscape shaken. Aggressive selling wiped out over $2 billion in leveraged positions within 24 hours, leading to steep declines for both Bitcoin and Ethereum, and impacting other altcoins as well. Hyperliquid (HYPE) is no exception, experiencing a sharp 17% drop during this challenging period. Despite these losses, the chart offers an intriguing glimpse into potential future movements.