"Hyperliquid has recently experienced a significant decline, reaching new lows in its market performance. However, despite this unsettling trend, it is essential to recognize that the underlying chart and technical indicators continue to hold substantial importance, outweighing the current panic and emotional reactions of investors. Understanding the long-term trends reflected in the chart can provide valuable insights and help in making informed decisions moving forward."
source: https://blocknews.com/hyperliquid-breaks-to-new-lows-here-is-why-the-chart-still-matters-more-than-the-panic/