Hyperliquid (HYPE/USDT) Consolidation Holds as Momentum Weakens

Hyperliquid Price Analysis – November 17

Hyperliquid trades at $37.82, down 2.23% in the past 24 hours. Price remains locked inside a broad consolidation channel after peaking above $59.55 earlier this year. Current positioning sits close to the $35.88 support zone, where sellers retain a soft upper hand as volatility compresses and momentum fades.

HYPE/USDT Key Levels:

Support Levels: $35.88, $29.89, $18.79
Resistance Levels: $43.82, $50.42, $59.55

Daily indicators show subdued momentum. RSI has hovered around 42.88, staying below the mid‑line and reflecting mild bearish pressure. ATR readings continue to decline, confirming volatility suppression and signalling that the explosive rally phase has cooled. This behaviour points to a mid‑term equilibrium zone where price digests prior gains before the next impulse.

Structurally, volume remains muted and candles form tighter ranges. Market behaviour reflects consolidation with sellers defending overhead resistance. A close below $35.88 could expose deeper retracement toward $29.89, while a sustained break above $43.82 would begin rebuilding confidence toward higher resistance levels.

HYPE/USDT Short Term Trend – Bearish (4 Hour Chart)

On the 4 Hour Chart, Hyperliquid trades at $37.78, showing a slight +0.58% uptick but still confined between $35.88 support and $43.82 resistance. This bounded range has held for nearly three weeks.

Short term indicators remain muted. RSI sits at 43.88, reflecting neutral‑to‑slightly bearish tone. ATR has cooled to 1.154, confirming low‑energy balance. Sellers continue to defend the mid‑range near $40, capping rebounds quickly.

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