Looking at Hyperliquid's weekly chart lately—there's something worth noting here. We're seeing double high tests forming, which historically signals potential downside momentum building up. What makes this setup particularly interesting? The 50 EMA is now acting as resistance (that red line everyone watches), and it's lining up perfectly with these price rejections.



This confluence of signals doesn't happen every day. Multiple bearish indicators stacking like this? That's when you pay attention. The coming week might be more decisive than people realize—we could be looking at a significant move lower if this pattern plays out. Not financial advice obviously, but the technical structure here is hard to ignore.
HYPE1.99%
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