HYPE price falls 7.5% as Supertrend turns bearish

Hyperliquid’s HYPE token fell about 7.5% over the past week, retreating from $83.55 to around $78.70 as legal concerns and weaker technical momentum weighed on its recent rally. Summary HYPE price has fallen 7.5% since Sep. 10 after setting a record high near $89. 4-hour Supertrend resistance sits at $82.30, keeping the short-term structure bearish. Bollinger Band support at $75.83 remains the main level protecting the broader uptrend. Hyperliquid reportedly bought and burned 36,720 HYPE worth $2.84 million within 24 hours. HYPE price retreats from record high Hyperliquid (HYPE) price traded near $78.70 on Sep. 16 after falling from an opening price of $83.55 on Sep. 10. The move represented a weekly decline of about 7.5%, although the token remained well above its August trading range. The correction followed HYPE’s rally to a record high near $89 in early September. Daily candles show that buyers repeatedly failed to hold prices above the $88 area before sellers pushed the token below $82. HYPE briefly dropped toward $76 on Sep. 16 before rebounding to around $78.70. The recovery showed that buyers remained active near the lower end of the week’s range, but price had yet to recla...