Hyperliquid Price Slips Below the $69.70 200-Day Average as Sellers Press the Last Support Zone

Hyperliquid's token slipped beneath its 200-day moving average this week. New listings in South Korea and strong buyback revenue failed to stop the decline. That matters because HYPE has leaned on this line before, and the last test ended in a multi-month rally. This time, momentum is weaker and whales have already sold. Traders now want to know whether buyers will defend the floor again or let price drop toward summer lows. Hyperliquid's daily chart turned bearish over the past two weeks. HYPE set a lower high on Oct 30, after a spike tied to the ICE futures announcement faded.