HYPE, the native token of the Hyperliquid decentralized perpetual futures exchange, is working to establish stability following several weeks of downside pressure. Despite a small price rebound in the last 24 hours, technical indicators suggest that bullish momentum remains elusive.
USDT
AAPLTechnical Signals and Resistance Levels
At the time of writing, HYPE is changing hands at $55.42, representing a 2.55% gain over the previous day. While this indicates a modest recovery, the broader picture remains challenging as traders assess mixed signals from both technical and on-chain indicators.
Analysis of the daily TradingView chart shows HYPE trading below its 50-day moving average, which currently stands at $63.13. This threshold acts as a dynamic resistance level, and the price has failed to break above it. By contrast, HYPE remains well above the 200-day moving average, now at $46.23, implying its long-term trend is still intact despite recent weakness.
Momentum remains subdued. The Relative Strength Index (RSI) has risen from near-oversold readings up to 42.64, but remains under the neutral 50 mark. This suggests that while buyer activity has picked up, selling pressure continues to dominate, and buyers have yet to regain control of the market.
| Indicator | Current Value | Significance |
|---|---|---|
| Spot Price | $55.42 | Shows modest rebound |
| 50-day MA | $63.13 | Acting as resistance |
| 200-day MA | $46.23 | Support zone intact |
| RSI | 42.64 | Buyers not in full control |
TD Sequential Flashpoints and Analyst Perspectives
Technical analyst Ali Charts highlighted a bearish alert on social platform X, noting that HYPE has encountered a critical resistance area where the TD Sequential indicator flashed a sell signal. Ali Charts stated that if sellers maintain their defensive position, $50 is the next likely target for the token.
Ali Charts highlighted, “$50 becomes the next downside target if sellers continue defending resistance.”
The bearish TD Sequential signal aligns with the ongoing struggle of HYPE to reclaim its 50-day moving average. Despite a recent uptick, the asset’s technical posture implies that sellers maintain a short-term advantage unless buyers recover control and push past resistance levels near $63.13.
The TD Sequential indicator, often watched for spotting trend exhaustion and price reversal opportunities, remains a notable technical metric used by experienced traders in volatile markets.
Mini dictionary: TD Sequential, a technical analysis indicator designed to identify the exact moment of trend exhaustion and likely price reversals in financial markets, developed by Tom DeMark.
On-Chain and Derivatives Activity
Latest on-chain data related to Hyperliquid reveal a more nuanced scenario. According to DeFiLlama, both total value locked (TVL) and the number of active addresses in the Hyperliquid ecosystem declined during the recent downturn, although these metrics are now stabilizing rather than continuing to fall.
Meanwhile, CoinGlass has reported that open interest in HYPE’s derivatives markets has dropped alongside price movements. This reduction suggests that much of the excess leverage in the system may have already been flushed out, rather than indicating the formation of heavy short positions.
The market now sits at a pivotal crossroads. While technical obstacles remain, the easing of derivatives pressure and stabilization of on-chain activity could provide a foundation for recovery should buyers succeed in retaking higher resistance zones.
Key Levels to Watch
The next stage for HYPE hinges on its ability to reclaim and hold between $61.98 and $63.13. If buyers successfully overcome this area, further upside is possible. However, renewed selling pressure could push the price back toward $50, in line with views shared by technical analysts. In this uncertain environment, traders remain cautious and continue to watch the evolving dynamics within both crypto spot and derivatives markets.
The current outlook suggests two scenarios: a bullish continuation above resistance, or a move down to $50 if sellers persist.
