Hyperliquid: Global selloff led to 8.31% drop and test of key support

Traders Union
All News
Crypto News
Hyperliquid drops 8.31% today

Highlights

Hyperliquid (HYPE) is trading at $39.14, below both the MA-20 at $44.66 and MA-50 at $47.80, with the MA-200 at $36.44 acting as key support.
Broader crypto market liquidations, escalated by U.S.–China tariff tensions, have intensified HYPE’s losses and volatility, as noted in the Asian Wrap review.
Technical signals remain bearish after an 8.31% gap-down session, with less than a 20% probability of a rebound and an expected range of $42.29–$42.75 over the next five sessions.

Selling accelerates amid global liquidation and China-U.S. tariff risks

HYPE is experiencing notable declines as the broader crypto market faces increased liquidations, with losses exacerbated by tariff tensions between the U.S. and China. These macroeconomic factors have intensified selling pressure, contributing to heightened volatility for HYPE and other major tokens. Additional concern comes from regional market trends highlighted in the latest Asian Wrap review.

Downside risk persists as technical signals show momentum divergence

Momentum signals are mixed, with a selling bias prevailing. The daily MACD remains negative, while the ADX is strong, indicating persistent trending conditions but some potential for reversals. RSI, Stoch RSI, and CCI all signal weak or neutral momentum, with CCI highlighting continued downside risk. Sellers continue to dominate on an intraday basis according to BBP, while the Awesome Oscillator supports a longer-term positive bias, leading to divergence among technical signals. The last session saw a significant gap down and an 8.31% drop, leaving the current price near the low end of today's $38.90–$39.58 range and confirming strong volatility and selling pressure.

Limited rebound odds as range-bound movement faces support constraints

The expected trading range for the next five sessions is $42.29 to $42.75. There is less than a 20% probability of a price rebound, making additional short-term declines more likely. Most scenarios see HYPE trading sideways near current levels, capped by MA-200 support and Kijun resistance. A sustained move above $40.10 could open the way to $42.75, while a break below $36.44 would likely spark further losses and a retest of lower support.

Viktoras Karapetjanc, expert at Traders Union, sees Hyperliquid (HYPE) facing persistent short-term headwinds as macroeconomic tensions and broad market volatility continue to weigh on sentiment. While the price remains anchored above the MA-200 at $36.44, technicals and news flow point to more pressure before a sustainable rebound is possible. Karapetjanc remains confident that, despite current bearish signals, structural support and ongoing market interest could stabilize HYPE near current levels. "If HYPE can hold above the $36.44 support amid global market stress, I believe a constructive setup and potential upside recovery remain firmly on the table."

Previously it was noted that Binance reimbursed $283 million to some of the liquidated users following technical issues during the recent market collapse. Exchange leaders addressed the record wave of crypto liquidations and emphasized the need to prevent conflicts of interest within exchanges.

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.