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HYPERLIQUID Price Analysis – Momentum Weakens as Market Tests Decision Zone
Hyperliquid is trading around $28.90, down approximately 2.15% on the day. At this stage, price is attempting to stabilize following a prolonged pullback from the mid-$40 region. While the broader structure remains bearish, downside momentum has slowed noticeably. Price is now compressing just below the key $29.80 resistance, suggesting sellers may be losing control.
On the daily timeframe, HYPE remains locked in a clear downtrend marked by successive lower highs and lower lows since the November distribution phase. However, price action has begun to flatten near the $29.00 market area, forming a tentative base beneath the $29.80 ceiling.
As long as price trades below the $29.80 significant zone, any upside attempts are likely corrective rather than trend-changing. A sustained reclaim would be the first technical signal that bearish control is weakening. The Stochastic is hovering in the low-20 region, placing momentum in a weak-to-oversold zone. While this does not confirm a reversal on its own, it often signals that sellers are approaching exhaustion rather than expanding dominance.
On the 4-hour chart, HYPE has transitioned from directional selling into a sideways grind. Price continues to coil beneath $29.89, forming a narrow consolidation band in the high-$28 range. The ADR has compressed to roughly 0.88, highlighting reduced price expansion and reinforcing the idea of volatility buildup, with traders monitoring crypto signals for confirmation of the next directional move.
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.
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