<ul><li>Hyperliquid's $HYPE token reached a new ATH at $39.93 on May 26 but quickly decreased by over 18% since then.</li><li>Traders are uncertain about the future of $HYPE as it struggles to hold the $33 support level after the recent dump.</li><li>Technical analysis shows that $HYPE is currently hovering above the 0.236 Fib level at $32.46, with potential for a bounce towards the next resistance around the ATH zone.</li><li>Trading volume indicates market indecision, with traders waiting for confirmation before deciding on the next move. Possible trade setups include bullish reversal if $33 is reclaimed with rising volume and bearish continuation if $33 fails with volume spikes.</li></ul>

HYPE Tumbles After ATH—Is Now the Time to Buy?

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