Hyperliquid price forecast: HYPE faces critical test as Bitcoin holds the key

Hyperliquid price holds above key support as traders watch the $61.92 level.
Bitcoin’s move around $63,000 could shape HYPE’s next direction.
Hyperliquid’s total open interest has climbed to nearly $11 billion.Hyperliquid (HYPE) has entered a crucial phase after retreating from its recent record high, with traders closely watching whether the token can stabilise above key support levels.
The latest pullback comes as broader cryptocurrency markets react to rising geopolitical t