Hyperliquid Reverses Sharply from Highs

Hyperliquid/USDT Price Analysis- September 22

Hyperliquid has undergone a dramatic shift, turning decisively bearish after a sharp and aggressive reversal from its recent all-time highs. The long-standing bullish trend has been broken, with key indicators confirming a major momentum shift in favor of sellers. The market is now in a corrective phase, breaking through key support levels as sellers take firm control.

Hyperliquid Key Levels

Support Levels: $47.66, $46.31, $40.84
Resistance Levels: $50.00, $57.63

Hyperliquid Long-Term Trend: Bearish Reversal (Daily Chart)

After a powerful rally to a new peak of $57.63, the Hyperliquid market has experienced a swift and brutal reversal. The most significant technical development on the daily chart is the Parabolic SAR indicator. Its dots have now flipped from below the price to above it, a classic and powerful signal that the primary uptrend has ended and a new bearish phase has begun.

Currently trading at $47.60, the price has sliced through the key $50.00 psychological level. This reversal was foreshadowed by a bearish divergence on the Relative Strength Index (RSI), where the price made a new high, but the RSI failed to do so, indicating weakening momentum. The RSI has now plunged to 43.02, breaking below the neutral 50-midline and confirming that bearish momentum is now in control of the daily trend.

Hyperliquid Short-Term Trend: Bearish (4-Hour Chart)

The 4-hour chart, with the price at $47.66, illustrates the intensity of the current sell-off. The price is in a waterfall decline, characterized by a series of large, impulsive red candles, which signifies capitulation from recent buyers and a panic-like selling environment.

The Parabolic SAR on this timeframe is firmly above the price and accelerating downwards, confirming the strength and direction of this aggressive downtrend.

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