HYPE latest news: selling pressure increases — technicals mixed, momentum faces headwinds

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Hyperliquid slides 8.12% today

Highlights

Hyperliquid (HYPE) trades at $44.60, holding above its MA-200 at $38.65, but faces resistance at the MA-50 level of $45.74.
21Shares and Bitwise submitted Hyperliquid ETF applications following Solana ETF momentum, yet market remains muted as SEC approval is still uncertain.
Technicals indicate a bullish bias above $38.65, with oscillators overbought and mixed momentum, while consolidation is likely below $46 ahead of a possible breakout toward $49.60.

ETF application activity tempers sentiment amid regulatory uncertainty

Recent news highlights that 21Shares and Bitwise have submitted applications for Hyperliquid ETFs, following the momentum seen with recent Solana ETF developments. Regulatory approval from the SEC remains uncertain, keeping market reaction muted. The outcome of the regulatory process will be pivotal for future sentiment.

Momentum divergence fuels volatility as selling pressure surfaces

Technically, HYPE maintains a bullish bias above the long-term MA-200, but is encountering resistance at the MA-50 ($45.74) and benefiting from dynamic support at the Ichimoku kijun ($36.96). Momentum indicators are mixed: ADX favors buyers with a moderate trend, MACD is neutral, oscillators like Stoch RSI and CCI are overbought, while the daily RSI stays in buying territory. BBP demonstrates buyer dominance, and the Awesome Oscillator also signals buying conditions. Despite recent upward momentum, today’s weak session—with a notable downside gap and heightened volatility—reflects strong selling pressure, contributing to uncertainty in the short term due to divergence between momentum and oscillator signals.

Breakout scenarios limited by resistance as buy signals strengthen

Looking ahead, HYPE is expected to trade in a five-day range between $46.11 and $49.60. Weekly RSI, ADX, and MACD all reflect strong buy signals, indicating an over 80% probability of a price increase and low risk of a further drop. The base scenario suggests consolidation below $46 due to medium-term resistance. A breakout above $45.74–$46.00 would point to a bullish move toward $49.60, while a break below $44.34 could initiate a retreat toward support at $40.43.

Viktoras Karapetjanc, expert at Traders Union, sees Hyperliquid (HYPE) sustaining a robust long-term bullish posture, underpinned by its resilience above the MA-200 and constructive momentum on higher timeframes. He highlights that applications for Hyperliquid ETFs by 21Shares and Bitwise underscore growing institutional interest, although near-term sentiment remains cautious due to regulatory uncertainty. Karapetjanc believes strong buyer signals from momentum and trend indicators support a positive outlook, while technical resistance just under $46 could trigger short-term consolidation. "If HYPE can decisively break $45.74, the bullish case strengthens considerably, with targets up to $49.60 coming into play," the expert concludes.

Last time we reported that whale accumulation intensified as bullish sentiment countered technical hurdles. Previously it was noted 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.