Hyperliquid price prediction: Could oversold setup trigger HYPE rally?

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Hyperliquid jumps 7.15% to $22.74 today

Highlights

HYPE trades at $22.74, below the MA-20 ($24.79), MA-50 ($26.00), and MA-200 ($38.94), signaling strong multi-timeframe bearish pressure.
Immediate resistance stands at $24.44 (Ichimoku Kijun), while intraday support is near $21.00 and critical support is at $20.00.
Despite persistent bearish momentum, deeply oversold readings (RSI 35.29, Stochastic RSI 11.82, CCI –174.80) create the potential for a near-term rebound within a $20.00–$23.00 price range.

Ecosystem access expands as Bitget adds native HYPE staking

Bitget Wallet has introduced native HYPE staking, deepening its integration with the Hyperliquid ecosystem. This development allows users to stake HYPE tokens directly in Bitget Wallet via a validator operated by the Hyperliquid Foundation, expanding access to protocol-level rewards and broader DeFi services within the Hyperliquid ecosystem. The cooperation enhances onchain infrastructure for HYPE holders and strengthens the relationship between Bitget Wallet and Hyperliquid.

Bearish signals persist as support tests occur amid momentum divergence

Technical analysis signals ongoing bearish momentum for HYPE, with the price pressured below the MA-20, MA-50, and MA-200 as well as a nearby resistance at the Ichimoku Kijun level of $24.44. Immediate intraday support is seen close to $21.00. Momentum indicators such as MACD and ADX confirm a bearish trend, while deeply oversold readings from the RSI (35.29), Stochastic RSI (11.82), and CCI (–174.80) may set the stage for a short-lived rebound. Bull/Bear Power remains oversold at –1.38 and the Awesome Oscillator sustains a negative reading; the market exhibits a divergence between persistent seller dominance and potential for a near-term bounce.

Further declines likely as oversold conditions counter persistent sell signals

Over the next five trading days, HYPE is expected to move within a typical volatility band between $20.00 and $23.00. The probability of continued downward movement is high given the prevailing 'Sell' signals across weekly metrics, although a strong rebound would be possible if oversold oscillators drive buyers above $24.44 resistance. The baseline expectation is for price consolidation between $20.00 and $23.00. Should support at $20.00 fail, the next downside target emerges near $18.00.

Anton Kharitonov, expert at Traders Union, notes that HYPE remains technically weak, with persistent selling and no clear break above resistance. He sees short-term relief as possible, but the prevailing bearish setup limits any upside. Continued access innovation via Bitget Wallet does not reverse the dominant trend. "Base case remains price action between $20.00 and $23.00 — as long as HYPE stays below $24.44 resistance, I stay defensive."

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.