Hyperliquid caught between $36 support and $50 resistance: Where next?Hyperliquid [HYPE] rose above the open price of $43 to almost $45 on the day per CoinMarketCap. The market cap maintained the $15 billion mark, with the daily drawdown less than 1%.

Since hitting the $51 mark, HYPE has reverted into a downward movement.

The decline came as whales coordinated an attack on Hyperliquid’s XPL token. This triggered liquidations that raised risk concerns for the ecosystem.