Hyperliquid price prediction: Will $60.19 support hold as HYPE declines 7.16%?

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Hyperliquid slides 7.16% today

Highlights

Hyperliquid outperformed major blockchains with nearly $79 million in protocol fees and $646 billion in quarterly trading volume.
21Shares launched weekly and monthly options for its Hyperliquid ETF, while regulatory commentary points to potential U.S. market access.
HYPE faces strong intraday selling pressure and trades below key moving averages, with a high probability of downward consolidation within a $60.19–$67.15 range.

Market infrastructure grows despite persistent selling pressure on HYPE

Hyperliquid generated nearly $79 million in protocol fees over the past 30 days, surpassing the combined total of Ethereum, Solana, and BNB Chain, according to Cryptoadventure. The platform also recorded over $10 billion in total open interest and $646 billion in quarterly trading volume, approaching the scale of established brokerage flows, as reported by Pluang. In addition, 21Shares introduced new weekly and monthly options for its Hyperliquid ETF (THYP) on Nasdaq, enabling investors to access HYPE token staking yield, while regulatory commentary from CFTC Chairman Michael Selig highlighted potential future access to U.S. markets, as noted by Financefeeds. These developments point to expanded market infrastructure and protocol engagement, though price action has remained under broader selling pressure.

Oversold signals deepen as technical boundaries cap recovery

On the h1 chart, HYPE is trading below the MA-20 at $66.58 and the MA-50 at $67.25, but remains well above the long-term MA-200 at $38.48. The Ichimoku Kijun sits at $66.19 as immediate resistance. In terms of momentum, MACD generates a Sell signal while ADX indicates a neutral trend. The RSI is at 26.51 in the Sell zone, and both Stoch RSI and CCI are firmly oversold. BBP continues to reflect seller dominance intraday, and the Awesome Oscillator also confirms persistent selling pressure. Oscillator configuration suggests significant downside exhaustion, but momentum indicators remain weak and consistent with today’s decline.

Sideways consolidation expected as bearish scenario dominates

Over the next two to three trading days, HYPE is expected to trade within a typical volatility band between $60.19 and $67.15. The probability of an upward move is very low (less than 20%), while a downward scenario is much more likely (over 80%). In the baseline scenario, the asset consolidates sideways within this corridor. A bullish breakout would require a sustained move above the immediate resistance at $66.19 and then $67.15, while a decisive bearish break occurs if price drops below $60.19, potentially triggering further declines to lower support levels.

Anton Kharitonov, analyst at Traders Union, notes that Hyperliquid shows strong fundamental traction with record protocol fees and high trading volumes. However, he sees pronounced technical weakness, with price action firmly below key moving averages and dominant selling pressure in momentum indicators. Regulatory developments and ETF options listings add long-term potential, but do not offset immediate downside risks. "Unless HYPE can reclaim resistance above $66.19, the tactical outlook stays defensive and any rallies are likely to be sold into."

Earlier, analysts noted that despite institutional inflows and ecosystem growth, Hyperliquid remained exposed to short-term downside risk amid volatile market conditions. The latest session's intensified selling pressure and oversold momentum readings reinforce this bearish outlook, with a decisive move below $60.19 now emerging as the key downside level to watch for renewed risk.

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.