Hyperliquid's HYPE token declined 1.2% to $46.57 after encountering resistance at the 38.2% Fibonacci retracement level of $49.36. The token remains up 19.5% over the past week despite the pullback. The correction reflects profit-taking and heightened competition from Binance-backed Aster DEX, which recorded $20.8 billion in trading volume on its September 17 launch day.