Hyperliquid sees a 5% rise – why traders are still skeptical about HYPE’s potential reversal

In the past 24 hours, Hyperliquid (HYPE) experienced a 5.15% increase. Despite this, Bitcoin’s fluctuations near $90,000 and recent bearish trends leave traders hesitant about a reversal.

To confirm bullish momentum, HYPE must surpass the $26.13 mark. Traders are advised to exercise caution given the prevailing resistance levels.