Persistent seller pressure — Hyperliquid slips 7.67% as technicals flash mixed signals

Traders Union
All News
Crypto News
Hyperliquid slides 7.67% today

Highlights

Hyperliquid (HYPE) trades at $37.84, below the MA-20 ($41.09), MA-50 ($44.76), and MA-200 ($39.19), indicating persistent short- and medium-term selling pressure.
Recent OKX listing, a $640 million buyback, upcoming November token unlock, and high open interest above $9.4 billion introduce volatility and dilution risk.
Five-session price outlook forecasts a $15.27–$36.06 range, with 75% odds of consolidation or rebound between $36.00 and $39.00, per technical signals.

Liquidity boost and dilution risks as token listing, unlocks accelerate

Hyperliquid recently completed its official listing on the OKX spot trading platform, expanding access and introducing fresh liquidity. The project faces a significant token unlock in November, which adds short-term sell pressure and dilution risks, potentially leading to volatility. Additional developments include a $640 million buyback program, token burn mechanisms, high open interest above $9.4 billion, and ongoing ecosystem growth.

Diverging momentum as oscillators near oversold and signals conflict

Momentum signals are mixed. MACD on the daily chart gives a strong buy, but ADX reads weak trend and points bearish. Several oscillators, including RSI ($44.25), CCI (–13.11), and Stoch RSI ($31.54), are near neutral but closer to oversold territory. BBP remains oversold, confirming sellers’ dominance in the current intraday picture. The Awesome Oscillator does not strongly support the prevailing downtrend. HYPE is down 7.67% on the day at $37.84, with no gap between yesterday’s close ($40.98) and today’s open ($40.18). The current price sits near today’s low of $39.19, and intraday volatility has been high. Sellers have continued to apply pressure after the open. There is a clear divergence, as daily momentum signals and oscillators conflict with each other and with intraday performance.

Consolidation likely as bullish signals outweigh downside risk

Looking ahead, the expected price range for the next five sessions is $15.27 to $36.06, with an average around $25.66. Based on weekly RSI, ADX, and MACD (two strong buys and one buy), the probability of a sustained price increase is 75%, while the chance of further decline is less likely. The baseline scenario sees HYPE consolidating sideways between $36.00 and $39.00. A bullish breakout above $39.19 could trigger momentum toward higher resistance, while a drop below the Ichimoku/Kijun support near $36.96 would open the path for deeper selling and volatility.

Viktoras Karapetjanc, analyst at Traders Union, sees Hyperliquid (HYPE) facing near-term downside due to persistent selling pressure and a looming token unlock, but recognizes positive sentiment from the OKX listing and a significant buyback initiative. He notes that key technical signals remain mixed, yet structural developments and expanding ecosystem suggest further upside potential if current support holds. Karapetjanc maintains a constructive outlook, believing the consolidation phase is likely to resolve higher given strong fundamentals and growing liquidity. "If HYPE can remain above the critical $36.96 support, I expect renewed momentum and a good chance for sustained upside," he says.

Last time we reported that whale accumulation intensified as bullish sentiment countered technical hurdles. It was previously 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.