Hyperliquid's price may face a short-term decline after a TD Sequential 9 sell signal appeared on the 12-hour chart, with analysts focusing on the $43 support level. Currently trading around $46.58, the asset has cooled slightly following a multi-week rally. Despite this, Hyperliquid maintains a leading position in blockchain revenue share at 33%. Analysts anticipate that consolidation could strengthen buy signals, potentially paving the way for a move to the $65–$75 range. Meanwhile, competition in the perpetual DEX market intensifies, with Lighter Protocol boosting trading volumes for three consecutive days.