
Hyperliquid (HYPE) is signaling a potential trend reversal after forming a bearish "falling star" candlestick pattern near the $44–$46 resistance zone. This pattern suggests buyers lost momentum as sellers pushed prices down despite a recent rally from March lows. Key supports, including an ascending trendline and the 100 EMA, are being tested and could break, leading to a pullback toward $38–$36. Technical indicators like flattening RSI and weak volume add caution, making the next price move critical for HYPE's short-term direction.