Hyperliquid price prediction: Will $55.45 support hold as HYPE slumps 7.33%?

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Hyperliquid slides 7.33% to $59.94 today

Highlights

Coinbase’s appointment as Hyperliquid’s USDC treasury manager enhances institutional credibility and operational security for the HYPE token ecosystem.
Over $2 billion in HYPE tokens have been bought back using protocol trading fees since January 2025, tightening supply as HYPE entered the top 10 by market cap.
HYPE/USD trades under key short-term moving averages with momentum indicators signaling bearish bias and a likely $55.45–$64.43 consolidation range in coming sessions.

Top 10 market debut as institutional buybacks and product listings accelerate

Coinbase was confirmed as the new deployer and manager of Hyperliquid’s USDC treasury wallet using the AQAv2 framework, an operational upgrade that strengthens institutional credibility and could enable more robust buyback mechanisms for the HYPE token. Citrini reported that over 90% of trading fees on the Hyperliquid protocol have been used for HYPE buybacks, with more than $2 billion purchased since January 2025, mechanically reducing token supply. Additional developments included Kalshi’s regulatory filing with the US CFTC to introduce perpetual futures contracts for HYPE and the listing of the asset in institutional ETF products from Bitwise and 21Shares, while daily on-chain trading volumes exceeded $2 billion and total value locked reached $4.5 billion these factors have contributed to HYPE’s entry into the top 10 crypto assets by market capitalization, though price action has remained under broader selling pressure.

Oversold signals emerge as seller momentum challenges support zones

On the hourly chart, HYPE/USD is trading below the MA-20 of $62.62 and the MA-50 of $61.58, with the Ichimoku Kijun level acting as immediate resistance at $63.21. The MA-200 on the daily timeframe stands at $36.28 as underlying support. Support is found at $55.45, and resistance is presented at $64.43. Momentum indicators show RSI at 42.47 (Sell), while MACD and ADX remain Neutral. Stoch RSI, CCI, and BBP are all in oversold territory. The Awesome Oscillator confirms seller dominance, and the presence of multiple oversold signals indicates that the market is stretched on the downside, potentially opening scope for a short-term bounce.

Downside risk prevails as volatility and support break tests loom

Over the coming two to three sessions, HYPE/USD is expected to remain volatile within a $55.45$64.43 band relative to current levels. Consolidation is the baseline scenario, supported by a 75% likelihood of continued downside movement and only 25% probability of a near-term rebound. A clear move above $63.21 would open the door for further upside, while a sustained break below $55.45 could trigger additional declines. Mean reversion remains plausible due to oversold conditions, but momentum suggests risks are still tilted to the downside.

Viktoras Karapetjanc, expert at Traders Union, highlights that institutional involvement is strengthening Hyperliquid’s fundamental profile. He notes persistent demand through buybacks, expanding ETF access, and growing institutional ties, supporting macro confidence even as price holds under pressure. Positive news flow and high liquidity suggest the long-term outlook remains robust, though short-term momentum is cautious. He sees mean reversion as plausible given oversold signals. "Despite current volatility, institutional engagement and buyback mechanics make HYPE one of the more constructive setups in the top 10 crypto assets right now."

Earlier, analysts noted that Hyperliquid’s HYPE token stands out for its robust buyback structure, institutional developments, and strong positioning in the decentralized perpetual futures segment. The latest market dynamics reinforce this long-term thesis, but with current downside momentum and oversold signals, traders should monitor a potential short-term reversal if support at $55.45 continues to hold.

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.