Why is Hyperliquid down today? Trump-driven regulatory pressures and $77.57 support in focus

Traders Union
All News
Crypto
Hyperliquid drops 7.27% today to $79.37

Highlights

Hyperliquid's open interest climbed to $14.3 billion, approaching pre-October 2025 crash levels as derivatives activity increased.
The HYPE token reached a record $88, with 15,350 HYPE worth $1.32 million burned and total burns now at 48.42 million, reducing supply.
HYPE/USD trades with strong near-term bearish momentum and pronounced volatility, expected to range from $77.57 to $83.6 over the next 2 to 3 days.

Renewed derivatives activity and regulatory scrutiny drive volatility surge

Hyperliquid's open interest rose to $14.3 billion, nearing pre-October 2025 crash levels and signaling renewed activity in derivatives markets. According to Cryptodaily Co., the HYPE token reached a new all-time high of $88, highlighting increased historical volatility and recent speculative momentum. Additionally, Grafa reported that Hyperliquid's system burned 15,350 HYPE worth about $1.32 million, bringing total token burns to approximately 48.42 million and contributing to long-term supply reduction. On September 7, 2026, President Trump publicly named Hyperliquid as the Commodity Futures Trading Commission began studying possible compliance pathways for the platform in the U.S., according to Spendnode, intensifying regulatory focus on the asset.

Bearish momentum intensifies as technical sell signals align near support

On the technical side, HYPE is trading below the MA-20 and MA-50 on the hourly chart, while remaining above the MA-200 on the daily timeframe. The Ichimoku Kijun at $83.67 serves as immediate resistance. Downward momentum is reinforced by both MACD and ADX remaining in Sell mode, with RSI in the Sell zone and CCI as well as Bull/Bear Power signaling oversold and ongoing selling pressure. The Awesome Oscillator supports this bearish structure, while Stochastic RSI is currently neutral, reflecting the continued dominance of sellers near session lows.

Downside extension likely as reversal odds decline within volatile band

Over the next two to three trading days, HYPE is expected to trade within a volatility band between $77.57 and $83.6. The most probable scenario is that the price hovers in this range, with the likelihood of any upside reversal assessed as very low and downside continuation rated as highly probable. A move above $83.67 would signal a potential recovery, while a decisive break below $77.57 could trigger further acceleration to the downside.

Viktoras Karapetjanc, expert at Traders Union, sees recent regulatory attention and surging open interest as strong signals of institutional interest returning to Hyperliquid. He believes that systematic token burns and high trading activity support positive long-term sentiment despite the current technical weakness. The analyst notes that while momentum indicators remain bearish in the nеar term, the macro backdrop is steadily becoming more constructive. "With regulatory scrutiny increasing and open interest rebounding, I expect fundamentals to support a renewed uptrend once technical resistance is overcome."

Previously it was reported that legal and regulatory challenges over perpetual futures in the U.S. could significantly influence the pace of derivatives product expansion, with Hyperliquid featured in policy debates alongside federal oversight. The latest technical and on-chain signals now reinforce a cautious outlook for HYPE, making a potential break below $77.57 the key risk to watch for renewed downside acceleration.

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.