Hyperliquid Price Falls 8.5% – What the Fibonacci Structure Says

Key Takeaways:

• HYPE down 8.5% from ATH of $64.72, currently around $56.49.
• RSI dropped from 78 at peak to 62 – still above 50, trend remains bullish.
• Price made higher highs but RSI made lower highs – divergence visible at the top.
• SMA50 converging with 0.382 Fib between $45-$48 – strongest confluence support.