Hyperliquid HYPE Breaks Down from Rising Channel, Targeting $22
- Technical Pressure Intensifies: Hyperliquid HYPE has sharply declined from mid-$30s, forming a clear bear flag structure, indicating potential further downside targets at $22 and $19, reflecting strong selling pressure in the market.
- Declining Trading Volume: The cumulative volume delta indicates aggressive selling from both retail and larger traders, yet Hyperliquid leads all blockchains in fees generated over the past 24 hours, demonstrating sustained trading demand despite price weakness.
- Market Structure Shift: The loss of the $26.75 to $25.04 region marks a loss of former value, with the current price testing an ascending trendline at $24.30; a clean break here would invalidate the prior accumulation structure, exacerbating bearish sentiment.
- Fee Leadership: Despite technical weakness, Hyperliquid outperforms Ethereum, Solana, BNB Chain, and Bitcoin in fee generation, indicating strong user engagement as a high-performance perpetual exchange, with sustained fee dominance supporting long-term value narratives.
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Technical Analysis for HYPE
Technical Sentiment Analysis for Hyperliquid (HYPE) As of , Hyperliquid (HYPE) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 4 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for HYPE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, HYPE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Hyperliquid (HYPE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 16.152 | 21.786 | 27.157 | 32.791 | 38.162 | 43.796 | 49.167 |
| Fibonacci | 21.786 | 25.99 | 28.587 | 32.791 | 36.995 | 39.592 | 43.796 |
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