HYPE today news: sharp decline despite Bitget integration and $5B TVL milestone

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Hyperliquid slides 9.11% today

Highlights

Hyperliquid (HYPE) fell 9.11% to $43.57, remaining above MA-20 and MA-200 but facing resistance at the MA-50 of $46.08.
Bitget Wallet's HyperEVM integration brought over 80 million users, helping Hyperliquid's Total Value Locked exceed $5 billion and staking rewards top $90 million in October amid new ETF momentum.
Despite mixed momentum signals and high volatility, HYPE has over an 80% chance of advancing toward $50.03 if it breaks and holds above $46.08.

Expanded user access and ETF filing drive institutional flows

Bitget Wallet’s integration with HyperEVM has expanded access to more than 80 million users, significantly boosting on-chain liquidity and DeFi activity. Hyperliquid’s Total Value Locked surpassed $5 billion, which, alongside staking rewards exceeding $90 million in October, is attracting increased institutional attention. Additional momentum comes from a recent S-1 filing by 21Shares for a Hyperliquid-based crypto ETF with Coinbase as the custodian.

Volatility and time-frame divergence as technical momentum shifts

Momentum signals on the daily chart are mixed, with MACD and Awesome Oscillator showing selling pressure, while ADX indicates an active but weakening trend. Daily RSI and CCI are both overbought, whereas intraday Stoch RSI and CCI are oversold, revealing rising volatility and a clear divergence across timeframes. The price is trading near today’s low with high intraday swings, and BBP is neutral, suggesting buyers and sellers remain balanced despite the sharp move down. Key resistance remains at $46.08, with support at $39.94 and stronger support at $36.21.

Upside favored with resistance retests as further decline risk recedes

Looking ahead, HYPE is likely to trade within a range of $46.48 to $50.03 over the next five sessions, with consolidation around an average of $48.26 the most probable scenario. The likelihood of a further price advance exceeds 80%, making an extended decline less likely. A decisive move above $46.08 could fuel additional gains towards $50.03, while a break below $43.29 would expose downside towards $39.94 or even $36.21.

Anton Kharitonov, expert at Traders Union, sees recent price weakness in Hyperliquid (HYPE) as a sign of emerging caution, with mixed technical signals and volatile intraday activity suggesting that momentum is stalling near key resistance at $46.08. While the integration with Bitget Wallet and institutional attention driven by ETF developments have buoyed fundamentals and liquidity, Kharitonov remains wary due to oversold intraday readings and the clear divergence between daily and short-term indicators. He believes the consolidation phase is likely to continue unless HYPE breaks decisively above resistance. "Until price reclaims $46.08 with conviction, I see no clear setup and prefer to wait on the sidelines."

Previously it was noted that whale accumulation intensified as bullish sentiment countered technical hurdles. The last update explained that seller dominance persisted intraday amid mixed momentum and oversold signals on the daily timeframe.

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.