Technical analysis by The_Alchemist_Trader_ about Symbol HYPE: Sell recommendation (12/2/2025)

Hyperliquid continues to weaken as price trades around the $29 support zone with fading bullish volume. The market structure remains bearish with clear lower highs and lower lows forming across multiple time frames. A failure to hold $29 would likely trigger a deeper expansion toward the next high-time-frame support near $19. Key Points: - Price trading at value area low ($29) - Weak bullish volume and no accumulation - Next major support sits at $19 What to Expect: A breakdown below $29 increases the probability of a fast move toward $19. Bulls must reclaim structure with stronger volume to shift momentum.