Massive Profit-Taking Overshadows Hyperliquid & SEC Strategic Meeting

• • The one-hour timeframe chart clearly logs a persistent distribution phase carving out lower structural peaks.
• • The failure of the price to sustain high supply levels is systematically utilized by market participants for exit distribution.

Regulatory dynamics have become the primary sentiment driver after the SEC's crypto task force held a meeting with Hyperliquid's policy and legal teams to dialogue on crypto asset rules and on-chain derivative markets. Despite the fact that the HYPE token previously managed to accrue daily price gains and impressive volume metrics, the one-hour graphical evidence instead records the continuation of a technical distribution phase. A sequence of buyer failures to penetrate and anchor within the premium supply zone encouraged relentless profit-taking flows, culminating in a decline to the $60.732 (Rp1086859) mark. This structured distribution pressure is projected to force the price to slide downwards to evaluate the resilience of the liquidity support floor at $52.640 (Rp942045) within a 3-day span. Should this spot selling wave encounter no meaningful resistance, the weakness risks dragging the market to touch the round number support area at $50.000 (Rp894800).

News of official regulatory approval or leniency from US authorities could trigger unpredictable buying pressure. The distribution area is deemed graphically invalidated if the price is vacuumed past $68.981 (Rp1234484).