Hyperliquid’s HYPE token traded at $55.42, up 2.55% in 24 hours, as technical indicators showed lingering bearish pressure despite easing selling momentum. The asset remains below its 50-day moving average of $63.13 but above its 200-day MA of $46.23. Market analyst Ali Charts flagged a TD Sequential sell signal at resistance, identifying $50 as the next downside target. On-chain data from DeFiLlama shows total value locked and active addresses stabilizing after recent declines, while CoinGlass data indicates open interest has fallen, suggesting leveraged positions have been flushed out.
HYPE price is attempting to stabilize after weeks of decline, though technical indicators suggest bullish momentum has not yet returned. At press time, HYPE trades at $55.42, up 2.55% over the past 24 hours.
Resistance Levels
On the daily chart, HYPE trades below its 50-day moving average of $63.13, which serves as dynamic resistance. The token remains above its 200-day moving average of $46.23, indicating its broader trend has not fully broken down.
The Relative Strength Index has risen to 42.64 from near-oversold levels but remains below the neutral 50 mark. This suggests buyers have re-entered the market without gaining full control.
TD Sequential Signal
Market analyst Ali Charts issued a technical alert on X, stating that Hyperliquid reached a key resistance trendline as the TD Sequential flashed a sell signal. The analyst noted, “$50 becomes the next downside target” if sellers defend the resistance.
The signal aligns with HYPE‘s current technical structure, as the asset remains below its key moving average. Bears continue to hold the short-term advantage unless buyers reclaim higher levels.
On-Chain and Derivatives Data
According to DeFiLlama data, total value locked and active addresses on Hyperliquid declined alongside recent price falls. Both metrics now appear to be stabilizing rather than extending their previous downtrend.
CoinGlass data shows open interest has declined with the price correction. This suggests leveraged positions have been flushed out rather than aggressive new short positioning.
Key Levels to Watch
HYPE sits at a critical juncture, with overhead resistance and easing selling pressure creating competing signals. The recovery hinges on whether buyers can reclaim the $61.98-$63.13 resistance zone.
A successful reclaim could support a bullish continuation, while renewed selling pressure may drive a move toward the $50 level. Investors should stay cautious and track ongoing developments in the crypto market.
This article contains market analysis and price predictions, which are not guarantees. Crypto markets are volatile, so always do your own research — this is not financial advice.
