🔥HYPE — Price down, fundamentals still strong 👀

Quick breakdown:

📊 Market • Price: ~$24

• MCap: ~$6.7B

• 24h Volume: ~$190M

📐 Technicals • RSI: Neutral

• Price below key MAs → trend not flipped yet

• Reclaim ~$25.5 = bullish confirmation

⛓️ On-chain doesn’t lie • Perps volume (24h): ~$5.8B

• Open interest: ~$7.4B

• TVL: ~$4.3B

Users didn’t leave. Liquidity didn’t dry up.

🐋 Whales • Profit-taking confirmed

• No panic selling

• Accumulation near lows

🧠 Take This looks like distribution → consolidation, not collapse.

If on-chain strength holds, price usually follows.

Watching this closely.

#HYPE #Hyperliquid #crypto #Onchain #BinanceSquare $HYPE $BTC $ETH