Hyperliquid (HYPE) entered a notable correction this week after failing to break through the $90 resistance zone, prompting close monitoring of several key technical levels. Hyperliquid is a decentralized perpetuals exchange, and its native token HYPE recently experienced a strong rally, climbing above previous resistance at $75. The move propelled HYPE to a new all-time high near $89.60 on September 6, according to market data. However, the momentum faded as profit-taking and selling pressure intensified close to that peak.