Hyperliquid Is Testing Mid‑Range Floor With Momentum Cooling

Price Analysis: Support at $38.25 Under Pressure as Momentum Fades

Hyperliquid trades at $40.12, slipping –5.45% over the past day as bulls fail to defend the mid‑range anchor at $43.81. The asset is now leaning precariously over the next key support around $38.25, with downside risk extending toward $29.89 if current weakness persists.

Hyperliquid Key levels:

Resistance Zone: $50.42, $59.56
Support Zones: $29.89, $18.79

Hyperliquid Long Term Trend- Bearish (Daily Chart)

The ATR measures 4.09, reflecting still‑healthy volatility after several trending phases. However, the amplitude of daily candles has begun narrowing a clue that momentum is diffusing after the September rally peak. Meanwhile, the MFI (14) sits around 50.87, roughly neutral and indicating balanced money flows in recent sessions. This is a sign of an indecisive market rather than full distribution.

The current structure resembles a mid‑range retracement inside a wider uptrend channel. However, the vulnerability at $38 cannot be ignored, this is where the market last generated momentum for April’s advance.

Hyperliquid Short Term Trend- Bearish (4hour chart)

The 4‑hour window gives a sharper view of near‑term exhaustion. Prices are pressing below the $40 handle, with recent bodies forming smaller red candles controlled but persistent downside drift.

The ATR has slipped to 1.785, showing volatility compression after a sharp October burst. More notable is the MFI cooling at 26.76, edging into oversold territory. This hints that selling may be slowing, at least temporarily, as volume flow begins to flatten rather than expand.

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