Hyperliquid price prediction: Will oscillation persist as HYPE declines 8.47%?

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Hyperliquid drops 8.47% to $29.25 today

Highlights

Hyperliquid's HIP-3 upgrade enables permissionless perpetual contracts tied to real-world assets like gold and silver, expanding its decentralized trading offerings.
Institutional accumulation is rising, backed by increased exposure from decentralized autonomous traders and Coinbase Markets adding Hyperliquid (HYPE) to its asset roadmap.
HYPE trades at $29.25, above MA-20 and MA-50, with key technical support at $27.68 and resistance near $30–$31 amid prevailing downside risk.

Ecosystem expansion accelerates after HIP-3 upgrade and Coinbase listing

Hyperliquid has launched the HIP-3 upgrade, introducing permissionless perpetual contracts linked to real-world assets such as gold and silver. Reports confirm growing institutional accumulation, with decentralized autonomous traders increasing their exposure. Coinbase Markets has also added Hyperliquid (HYPE) to its asset roadmap, contributing to ecosystem expansion.

Bullish momentum clashes with overbought signals amid rising volatility

Technical signals show that HYPE finds dynamic support at the Ichimoku Kijun level of $27.68, with the MA-50 and the $30 round number acting as near-term resistance. On the daily timeframe, MACD and ADX indicate a bullish setup, while oscillators reflect overbought conditions including an RSI at 62.85, a CCI at 144.83, and Bull/Bear Power at 4.47, pointing to strong buyer presence. The Awesome Oscillator supports upward momentum, but the Stochastic RSI remains neutral and several intraday periods are turning bearish. Despite opening flat, HYPE is now near today's low of $27.42, showing marked volatility and pressure after the open, with mixed signals between momentum strength and overbought readings.

Downside risk rises as technicals favor consolidation and pullback

Over the next five sessions, HYPE is likely to oscillate within a volatility band between $27.50 and $31.00, reflecting current elevated swings. The probability of a further move up is low (less than 20%), as most weekly technical indicators show 'Sell' signals, making a downside scenario more probable. The base case is consolidation between support at $27.68 and resistance near $30–$31. Further declines toward the $26.00–$26.50 zone could follow a break below $27.50, while a clear move above $31 would open a test of higher resistance levels.

Anton Kharitonov, expert at Traders Union, sees technical and sentiment signals conflicting for Hyperliquid. He notes that strong buyer interest and positive news are offset by overbought readings and bearish weekly signals. Base case remains consolidation between $27.68 and $31.00, with downside risk if support at $27.50 fails. "Given current volatility and mixed momentum, I remain defensive and would avoid chasing upside until a clear breakout above $31.00 is confirmed."

Last time, analysts noted that Hyperliquid is trading above its short- and medium-term moving averages but remains below long-term resistance, with technical signals showing mixed momentum as both RSI and CCI register overbought conditions amid a sharp daily decline. Immediate support is identified at the Ichimoku Kijun, while daily MACD is neutral and volatility is elevated, suggesting a likely near-term consolidation rather than further gains.

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.