Hyperliquid price dips amid rising selling pressure

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Hyperliquid slides 10.85% to $60.88 today

Highlights

Grayscale's new Hyperliquid Staking ETF (HYPG) debuted on Nasdaq, granting regulated institutional access and boosting HYPE visibility.
Hyperliquid surged into the top 10 cryptocurrencies with a market cap over $16 billion, despite a full exit by Arthur Hayes amid continued institutional inflows of $136 million from peers.
HYPE/USD faces short-term selling and elevated volatility, but mid-to-long-term signals favor consolidation between $53.82 and $71.47 with a bullish tilt.

ETF inflows and large holder divergence sustain selling pressure

Grayscale launched the Hyperliquid Staking ETF (HYPG) on the Nasdaq, granting institutional investors regulated access to HYPE. Additional investment products from 21Shares and Bitwise together attracted over $136 million in inflows. Hyperliquid recorded a market capitalization exceeding $16 billion and entered the top 10 cryptocurrencies, while a recent full position sale by Arthur Hayes was accompanied by continued accumulation from other large holders, though price action has remained under broader selling pressure.

Anton Kharitonov sees signs of fragility in Hyperliquid's recent price action. He notes that the deep 10.85% drop and closing in the lower daily range reflect aggressive selling pressure. Despite high-profile ETF launches, Kharitonov remains cautious due to insufficient confirmation from key momentum indicators and mixed institutional behavior. He warns that overstretched daily indicators and a critical dependence on the $56.99 support heighten near-term risk. "Sustained downside follow-through signals caution — without renewed buyer conviction, HYPE’s uptrend could quickly unravel," Kharitonov says.

Viktoras Karapetjanc views the rapid development in regulated products as highly positive for Hyperliquid. He highlights strong institutional inflows and entry into the top 10 as evidence of new capital and higher adoption. The expert believes that bullish structure remains intact above key SMAs and the Ichimoku Kijun. Karapetjanc is confident further growth is supported by healthy momentum and ongoing demand. "ETF launches and fresh inflows show that HYPE is entering a new era — I expect consolidation to be followed by renewed uptrend," he says.

Parshwa Turakhiya recognizes heightened volatility and a tug-of-war between buyers and sellers in HYPE. He points to the gap-driven drop and oversold short-term signals, suggesting tactical rebound opportunities may emerge. Turakhiya cautions that sentiment remains uneven as large players reposition. "With intraday swings and mixed momentum, nimble traders can watch the $56.99 support for quick bounce setups — but a clear trend is still undecided," Turakhiya notes.

Mixed momentum and overbought signals amid elevated volatility

HYPE/USD is currently trading just above its 20-day Simple Moving Average (SMA) at $60.01, well above the 50-day SMA at $49.13 and significantly higher than the 200-day SMA at $35.86. This positioning signals lingering short-term pressure, but confirms that medium- and long-term trends remain bullish and well-supported. The nearest dynamic support is found at the Ichimoku Kijun level of $56.99, making this a key area to watch. Momentum readings are mixed: MACD and Average Directional Index (ADX) both signal bullish momentum on the daily timeframe, but intraday and shorter timeframes show pronounced selling. Relative Strength Index (RSI) reads 56.84, indicating neutral-to-positive momentum, while Stochastic RSI and Commodity Channel Index (CCI) both highlight oversold conditions. Bull/Bear Power (BBP) is positive at 10.61, pointing to continued buyer dominance, but is currently in an overbought state. Awesome Oscillator is neutral and does not provide added confirmation. After a sizable downside gap of nearly $3.86, HYPE/USD has dropped 10.85% today, with the last price ($60.88) in the lower part of its daily range. Intraday volatility stands at 11.98%. The tone remains under pressure, with significant downside follow-through after the gap and inconclusive momentum signals.

Earlier, analysts noted that Hyperliquid faced persistent selling pressure and weak momentum, shifting the bias toward downside continuation despite underlying institutional interest. The latest developments introduce a more nuanced outlook, as increased ETF inflows and bullish weekly momentum now suggest a medium-term consolidation phase, with the $56.99 support level serving as a critical threshold for either renewed upside or a fresh bout of selling.

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

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