Slowly but surely $HYPE makes its way down to my high time frame targets of low $20 region.

From there a big decision will need to be made, do we hold those weekly liquidity levels or do we start trading back towards the tariff dip lows of $12.
The issue isn't the product, the ecosystem or the bullishness of Hyperliquid, the issue is we are experiencing a bear market correction and time capitulation is real.
As we observed this cycle, people lack conviction and can't stand holding assets for long periods of time, so like all time capitulation, if they don't get fast results, they start to get bored, that naturally they sell.
This eventually leads us to a 'fair value', where is that exactly, no one knows. But I've seen plenty of strong assets suffer at the hands of a wider market correction.