Technical analysis by The_Alchemist_Trader_ about Symbol HYPE: Sell recommendation (12/16/2025)

Hyperliquid price has reacted at the 0.618 Fibonacci golden pocket, but the quality of the bounce remains weak. The move higher has occurred on low volume, suggesting limited buyer conviction rather than a confirmed trend reversal. The $27 level is now a critical area to monitor. As long as price remains above this support, short-term stabilization is possible. However, acceptance below $27 would open the probability of a cascading, capitulation-style move toward the $19 support region, where deeper liquidity is located. Key Levels & Structure: - Golden Pocket (0.618 Fibonacci): Current reaction zone - Key Support: $27 - Downside Target: $19 What to Expect: Without strong volume confirmation or a reclaim of key resistance levels, the bounce is likely corrective. A breakdown below $27 would increase downside risk.