Hyperliquid drops 8% after sellers dominate below key moving averages

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Hyperliquid drops 8.00% today

Highlights

Hyperliquid (HYPE) trades at $34.96, below its MA-20 ($41.76), MA-50 ($46.63), and MA-200 ($37.30), indicating broad seller pressure across timeframes.
Momentum signals are strongly bearish with an 8.00% daily drop, oversold oscillators (RSI 35.37), and an intraday price gap near the session's low.
HYPE is projected to range between $23.96 and $26.79 for the next five days, with less than a 20% chance of a rise and high likelihood of further decline.

Conflicting momentum signals as downtrend persists amid low volatility

Momentum signals remain mixed: the MACD on the daily chart shows strong bearish momentum, while the ADX is elevated, indicating a strong trend despite the conflicting bias. Oscillators lean oversold, with daily RSI at 35.37 and CCI at –65.89; Stoch RSI confirms oversold readings across multiple timeframes, reflecting persistent downward pressure. BBP favors sellers with negative readings, and the Awesome Oscillator aligns with the prevailing downtrend, strengthening the bearish move. The session shows a daily drop of 8.00%, opening with a gap lower and currently trading near the lower end of today’s narrow range, suggesting low volatility and pronounced pressure after the open. Despite some conflicting signals from momentum and oscillators, the intraday performance is broadly in line with prevailing bearish momentum.

Sideways outlook dominates as upside reversal faces resistance

Over the next five trading days, HYPE is expected to trade between $23.96 and $26.79, with the probability of a rise being very low (less than 20%) and further decline more likely. The baseline scenario projects prices moving sideways within this narrow corridor. A bullish scenario would require a decisive break above resistance at $36.21, pointing to a reversal. In the bearish scenario, any move below the $23.96 support area would signal accelerated downside and potential new lows.

Viktoras Karapetjanc, expert at Traders Union, sees Hyperliquid (HYPE) under pronounced pressure on both technical and sentiment grounds, as the asset trades below key moving averages and no supportive news flow is emerging to buoy investor confidence. He observes that oversold oscillators and strong negative price momentum suggest continued defensive behavior from market participants, with the probability of a short-term rebound remaining limited. Karapetjanc maintains a constructive tone, noting potential for a reversal on a break above $36.21, but identifies $23.96 as the critical support where risks of further downside would escalate. "While sellers are firmly in control, a breakout above $36.21 could shift sentiment and spark renewed interest — for now, disciplined traders should watch support and look for signs of stabilization."

Previously it was noted that sellers continue to dominate on strong volatility and selling pressure in the latest session. Debate over the transparency and effectiveness of automated deleveraging mechanisms has resulted in mixed sentiment among market participants according to resulted in mixed sentiment among market participants.

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.