Hyperliquid’s native token, HYPE, slipped into negative territory on Monday, retreating from its recent advance after a 10% rally last week. Despite the pullback, HYPE remained above $86 at the time of reporting, holding onto its broader bullish structure as investors weighed up the prospects for further gains.
ETF inflows persist as financial institutions disclose positions
Exchange-traded funds focused on HYPE continued to draw net inflows for the fifth consecutive week, signaling ongoing interest among institutional investors. According to CoinGlass, these products attracted $12.27 million in net new money last week, although this marked a notable slowdown from the previous week’s $56.86 million haul.
Bloomberg ETF analyst James Seyffart posted fresh data on X, revealing that several major financial institutions reported exposure to HYPE-based investment products. Among the disclosed holders were Wealth High Governance, OLP Capital, UBS, Bank of Montreal, and Jane Street, highlighting growing institutional engagement in the Hyperliquid ecosystem.
Hyperliquid is a decentralized exchange platform where the HYPE token is used throughout its products and governance. Analysts note that the presence of established financial firms signals increased interest in digital asset markets, especially as debates over US regulatory approvals for such products continue.
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AAPLThe five-week streak of inflows suggests demand for HYPE remains steady, although the sharp drop in new investment reflects some moderation of investor enthusiasm after the token’s recent price surge. This ongoing institutional participation may provide support for the token, but weaker inflow momentum could limit further upside in the near term.
| Week | Net ETF Inflows |
|---|---|
| Last week | $12.27 million |
| Previous week | $56.86 million |
Several institutional holders reported sizable positions in HYPE-focused investment products, reflecting growing engagement among established finance firms.
Mini dictionary: Hyperliquid, a decentralized exchange platform that offers trading services and uses the HYPE token for participation and governance within its ecosystem.
Technical analysis: HYPE faces resistance near $90
HYPE’s price remains well above its key exponential moving averages (EMAs) on the daily chart, supporting an overall bullish structure. The 50-day EMA sits at $71.55, the 100-day EMA at $65.05, and the 200-day EMA currently stands at $56.64, all considerably below current levels.
Recent technical indicators suggest a potential slowdown in momentum. The relative strength index (RSI) has slipped to around 58 on the 4-hour chart, indicating a retreat from overbought conditions. At the same time, the moving average convergence divergence (MACD) indicator has crossed marginally below its signal line, hinting at short-term cooling in buying interest.
HYPE is struggling to decisively clear the 127.2% Fibonacci extension at $85.94. This area has attracted increased selling pressure, with some investors locking in profits following the climb. Fibonacci retracement levels derived from the recent range between $51.20 and $76.93 suggest several possible support zones if prices retreat further. The closest support is around $82.40, and a confirmed drop below this level could push HYPE down to $76.93, or even toward the 50-day EMA at $71.55, which is close to the 78.6% retracement at $70.51.
| Indicator/Level | Current Value |
|---|---|
| Spot Price | $86 |
| 127.2% Fibonacci Extension | $85.94 |
| Support (recent) | $82.40 |
| 50-day EMA | $71.55 |
| RSI (4h) | 58 |
While HYPE’s price structure remains bullish, resistance near $90 and waning momentum could limit its ability to push higher in the short term.
A decisive breakout with a daily close above $89.61 would be needed to confirm renewed bullish momentum. Such a move may open the door for a further rally toward the 161.8% Fibonacci extension at $98.95 and would bring the symbolic $100 mark into play. For now, the uptrend is intact, but profit-taking and technical resistance could keep the token trading in a range near current levels as momentum consolidates.
