Hyperliquid, a leading platform in the crypto space, has been facing a challenging time with its price experiencing a decline of over 8% in the last 24 hours and more than 24% in the past seven days. Despite this setback, the platform has shown impressive revenue growth, surpassing even top competitors like Solana, Ethereum, and Raydium. This resilience indicates potential for a rebound if market conditions shift favorably.

If Hyperliquid manages to break through the resistance at $14.65, it could pave the way for a significant rally towards $20 or even $25.87. However, failing to regain momentum might see the price dip below $12.

An important indicator to watch is Hyperliquid's Relative Strength Index (RSI), currently at 32.59 and hovering in neutral territory since March 4. While concerns about high-leverage trades and potential money laundering activities have put some pressure on the platform, there are signs that a turnaround could be on the horizon.

The RSI, which measures price movements and momentum, has been below 50 for nine consecutive days, signaling weak bullish momentum. Yet, if the RSI climbs above 50, it could herald a stronger recovery phase.

On another front, Hyperliquid's Bollinger Band Trend (BBTrend) has remained in negative territory at -16.69 since March 5, underscoring the prevailing bearish trend. Though challenging, a shift towards 0 in the BBTrend could indicate a softening of the downtrend.

Despite the current bearish phase, Hyperliquid's revenue has been performing impressively, surpassing $11 million in the last week. This positive momentum suggests a potential retest of the $14.65 resistance level and a subsequent rally towards $17 or beyond, including the possibility of reaching $25.87 in the near future.

Stay tuned as Hyperliquid navigates these volatile market conditions, with the potential to reclaim its position and surge ahead in the crypto arena.