Hyperliquid Token (HYPE) Tests Key Support as Traders Eye Potential $100 Rebound

Hyperliquid Token (HYPE) Tests Key Support as Traders Eye Potential $100 Rebound

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The Hyperliquid token (HYPE) slipped for the fifth consecutive session on Tuesday, falling about 6% intraday to $45-46 and finally rebounding slightly today.

HYPE has a lot to offer: low commissions on both criminals and commercials. Also no KYC because it’s a dex

The move adds to a week of steady bleeding, but technical and on-chain indicators suggest the sell-off may be running out of steam. Here is what Hyperliquid’s prospects will be:

Hyperliquid Token: Tight Range Signals Next Move, Bottom Rounding or Fakeout?

(Source: TradingView)

Two more weeks. That’s when people think altcoin season is finally about to break out… maybe yes two more weeks we’ll say that phrase again. Who knows! As it stands, however, resistance remains tight for Hyperliquid at $46.50–$47, where any intraday rally has stalled.

Here are some other important technical data:

  • Bollinger bands are narrowing, a situation that often precedes a breakout
  • The moving averages are also aligning.
  • The 20-day and 200-day SMAs just crossed $45.5 in a mini golden cross
(Source: CoinGecko)

On the chart, HYPE is forming what appears to be a rounded bottom. A confirmed breakout could target $47.50–$48. The RSI stands at 67, which is not overheated yet. Close but not there yet. Volume has not increased, suggesting quiet accumulation before a decisive move.

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Hyperliquid derivatives turn bearish while spot remains resilient

According to Coinglass, the long/short ratio for HYPE fell to 0.80, the lowest level in over a month, showing that futures traders are shorting the dip. Momentum indicators are also cautious, with the RSI below 50 and the MACD showing a bearish cross.

Nonetheless, spot markets continue to hold the line. Price action has repeatedly found ground around the mid-40s, similar to past consolidation zones that preceded sharp breakouts.

On the downside, the next key support lies between $39 and $40. A sharp break would risk a deeper correction. Conversely, recovery to $51-52 would likely trigger an upward squeeze towards $55-60.

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Final Thoughts on HYPE: Where do we go from here?

Market capitalization





Data from DeFi Llama shows that Hyperliquid earns around $5 million a day in protocol revenue, a steady stream even as rival DEXs offer incentives. Approximately 660,000 HYPE (≈$30 million) is in play, tightening supply and supporting a potential rebound.

The key range is between $44 and $49. A close above $49 reverses the bullish momentum towards $52–55, while a loss of $46–47 risks causing the price to fall back to $44 or even $40. With borrowing rates unchanged and open interest cooling, the situation mirrors past mid-cycle pullbacks that often end in sharp recoveries.

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Key points

  • The Hyperliquid token (HYPE) slipped for the fifth consecutive session on Tuesday, falling about 6% intraday, to $45-46.

  • Data from DeFi Llama shows that Hyperliquid earns around $5 million per day from protocol revenue.

The post Hyperliquid Token (HYPE) Tests Key Support as Traders Eye Potential $100 Bounce appeared first on 99Bitcoins.

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