HYPEUSDT Probably Cooked

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Token driven by demand from trading on Hyperliquid. Crypto looks set for a few month long consolidation probably into Q4.

That loss in trading volume will reduce demand for the token and the company may be forced to sell the token to come up with large gains for its clients. Either way it's a bearish catalyst for the token which has really ran hard. Ugly head and shoulders as well as a topping pattern in an overall financial market that looks like it wants a pull back

Penafian

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