Recently, the cryptocurrency market has once again experienced fluctuations, with the Hyperliquid (HYPE) token becoming the focus. According to market observations, approximately 3.6 million dollars worth of HYPE is facing concentrated dumping across major exchanges. This phenomenon has sparked widespread discussion within the industry about a potential market reversal.

Analysis shows that the HYPE token price has dropped to a key support level and has retested the previous breakout point. This price movement is often seen as a potential rebound signal. Notably, the current relative strength index of HYPE at (RSI) remains around 49, indicating that there may be significant upside potential for the token as market sentiment changes.

From a longer-term perspective, the price trend of Hyperliquid is touching the trend line that has played an important support role since May 2025. This technical feature further increases the market's expectation that HYPE may be about to reverse.

However, in the current market environment of ongoing adjustments, investors still need to remain cautious. While large-scale dumping may indicate potential bottoming behavior, it also reflects a lack of market confidence in the short term. For investors looking to participate, closely monitoring changes in market sentiment and trading volume will be crucial.

In addition, the fundamental development of the Hyperliquid project, the health of its ecosystem, and the overall direction of the Crypto Assets market will all be key factors influencing the future price trend of HYPE. It is essential to conduct thorough research and comprehensive evaluation of these factors before making any investment decisions.

As the market dynamics continue to evolve, whether HYPE can truly usher in a significant rebound remains to be further observed. In any case, this event once again highlights the high fluctuation of the crypto assets market and provides important market insights for investors.