HYPE, the native token of the Layer-1 ecosystem focusing on perpetual futures and spot trading, is currently trading at $ 35.64. Despite the recent sales pressure, a balanced course prevails in the price structure. Technical indicators show neither strong bullish momentum nor obvious signs of weakness.
Main support and resistance areas stand out in technical indicators
HYPE price remains above the 200-period exponential moving average on the 4-hour chart with the 0.382 Fibonacci retracement level. These regions stand out as the main support areas in the current market structure. Cryptocurrency analyst AltcoinSherpa points out that Hyperliquid remains strong compared to its peers, and states that buyer interest is evident in these regions.
AltcoinSherpa states that Hyperliquid stands out as a relatively new safe haven in volatile or bearish periods, and also emphasizes that the price’s high correlation with Bitcoin does not completely eliminate downside risks. In the technical view, demand zones in the $35–36 range were retested and the price recovered with the reaction from there. Strong buyers in the relevant region may continue the upward movement in the short term.
Intermittent course and resistance levels are taken into account
HYPE, which shows signs of accumulation in the medium and long-term charts, offers a more cautious outlook in the short term. Trader Mattertrades states that layered sell orders are positioned around $40 and considers this band as a strong resistance zone.
The price’s recovery after falling to $25.88 in the past period shows that HYPE is moving in a wide trading band. While the $25.6 level is seen as support, the range between $33 and $38 stands out as the middle-upper resistance band. This fluctuating course reveals that the market is looking for a clear direction.
Technical indicators present a neutral outlook. The RSI level is around 46, indicating that the price is neither overbought nor oversold. Although the pressure continues on the short-term moving averages, the 50, 100 and 200 period averages give signals of recovery.
A controlled recovery is observed in the short term with rising peaks and bottoms on the four-hour chart. Ahead of the price is the high value zone, where there are previously unfilled liquidity gaps. These areas can be decisive in price movements. Some analysts expect these areas to be tested before a new upward move into the market.
After the liquidity is withdrawn, the market is expected to move towards deeper support areas to regain strength and mid-range imbalances will be monitored. Therefore, significant changes in the market structure are expected for a clear directional gain.
Hyperliquid’s performance is shaped by the direction of the overall cryptocurrency market, especially Bitcoin. In fluctuations at the macro level, projects that remain resilient can come to the fore. HYPE’s maintenance of support levels in the structured accumulation process and the increasing interest in decentralized derivative platforms are among the factors supporting the demand.
However, the course of Bitcoin continues to be decisive, especially macro conditions, market liquidity and risk perception. Once a sustainable upward movement for HYPE is confirmed along with the general market outlook, new buying waves may occur.
