Will Hyperliquid dip to $16 before June?

This market will immediately resolve to "Yes" if any Hyperliquid 1 minute candle for HYPE (HYPE/USDC) between May 7, 2025, 16:00 and May 31, 2025, 23:59 in the ET timezone has a final "L" price of $16.000 or lower. Otherwise, this market will resolve to "No." The resolution source for this market is Hyperliquid, specifically the HYPE/USDC "L" prices available at https://app.hyperliquid.xyz/trade/HYPE/USDC, with the chart settings on "1m" for one-minute candles selected on the top bar. Please note that the outcome of this market depends solely on the price data from the Hyperliquid HYPE/USDC trading pair. Prices from other exchanges, different trading pairs, or spot markets will not be considered for the resolution of this market.