HYPE latest news: hits $31.95 — persistent bearish momentum and oversold signals dominate

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Hyperliquid slides 7.35% today

Highlights

Hyperliquid merged with Sonnet BioTherapeutics, creating the largest HYPE token treasury by consolidating over 16.89 million tokens worth more than $583 million—over 6% of circulating supply.
The company transferred 12 million HYPE tokens to Hypercore and began staking 425,000 tokens, improving ecosystem transparency and liquidity.
In 2025, Hyperliquid completed $645 million in token buybacks and achieved record user growth and all-time high decentralized perpetual trading volumes.

Ecosystem liquidity and demand bolstered through merger and buybacks

Hyperliquid finalized a pivotal merger with Sonnet BioTherapeutics, establishing the largest HYPE token treasury with approximately 16.89 million tokens worth over $583 million, and consolidating more than 6% of the circulating supply. The company also transferred 12 million HYPE tokens to Hypercore and began staking 425,000 tokens, actions that enhanced ecosystem transparency and liquidity. During 2025, Hyperliquid completed $645 million in token buybacks and reported record user growth along with all-time high decentralized perpetual trading volumes.

Sustained bearish momentum as multiple indicators flag oversold risk

Momentum signals for HYPE are firmly bearish, as indicated by an ADX reading of 21.32 and a daily MACD of –1.92, both reflecting sustained downside momentum. Oscillators reveal increasing oversold risks: RSI stands at 44.69 (neutral-bearish), Stoch RSI is overbought at 89.84, and CCI registers at –13.40 (neutral). Bull/Bear Power points to strong seller dominance, suggesting excessive recent selling, while price action opened with a gap down and remains near today's lows, reinforcing high intraday volatility and a continued bearish tone confirmed by overlapping momentum indicators.

Downside favored over recovery amid persistent volatility and weak signals

In the next five trading days, HYPE's price action should remain within a typical volatility band between $29.00 and $35.00, reflecting recent instability and the current level. The probability of a price increase is low (below 20%), with downside favored due to prevailing bearish signals from RSI, ADX, and the weekly MA-50. The base case is sideways movement as the token attempts to stabilize between key support and resistance levels, while a bullish recovery would require a sustained breakout above $36.17 and the recapture of lost moving averages. A breakdown below $29.00 may lead to fresh lows and continued seller dominance.

Anton Kharitonov, expert at Traders Union, notes that HYPE shows persistent downside momentum below key moving averages, with no evident support in sight. He highlights the recent treasury consolidation and token management steps as positive for long-term transparency, but sees current technicals overwhelmed by seller pressure and high volatility. The analyst believes that, despite ecosystem progress, near-term risks are elevated and price is likely to move sideways or drift lower as bearish indicators dominate. "I remain defensive on HYPE — until we see a sustained breakout above $36.17, further downside or sideways action is my base case."

Previously it was reported that HYPE continued to consolidate below all major moving averages, with bearish signals persisting as technical indicators such as MACD, RSI, and CCI pointed to weak momentum and prevailing downside pressure. With resistance outlined by dynamic levels near $36.22 and support clustered around short-term averages, analysts suggested the likelihood of a sustained move higher was limited, especially as the asset remained subject to moderate volatility and sideways price action in the sessions following the establishment of a digital asset treasury.

Source of Data: HYPE Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.