Analysts bullish on Hyperliquid despite 15% monthly drop, price below $80

Hyperliquid (HYPE) dropped 15% over the past month, falling harder than Bitcoin, Ethereum, and Solana. According to CryptoQuant, HYPE ranks as the most bullish crypto asset by analyst sentiment, scoring 2.3 standard deviations above normal. A scheduled token unlock of 3.75 million HYPE (worth about $340 million) to an undisclosed institutional buyer likely pressured the price. Despite the decline, analysts remain highly bullish, with 90% backing HYPE, and a key support level is seen near $75.14.