Hyperliquid (HYPE) faces a price pullback after failing to break the $64 resistance, with analysts warning of a potential drop toward $54. Despite this bearish technical pressure, the on-chain perpetuals trading platform has secured a key institutional integration, as Talos has added Hyperliquid to its trading platform for clients.
The Hyperliquid token (HYPE) is trading at $60.01 with a market capitalization of $15.22 billion, following a 24-hour decline of 6.55%. Analyst Crypto Patel stated the price broke below its rising channel after rejection near $64.84, signaling weakened bullish momentum. The market is now attempting a retest of the broken trendline, which could act as new resistance.
Key selling interest is expected around $61.50–$63 for a potential continuation lower. Should the bearish reversal hold, analysts see price objectives moving toward $54 and then $46.93, aligning with a 0.618 Fibonacci retracement level. A decisive higher time frame close above $65 would invalidate this downside structure.
Despite the price action, technical indicators on TradingView showed strong momentum earlier in May, with the MACD indicator adding weight to bullish sentiment. The blue MACD line surged well above the orange signal line, although green histograms have slightly declined. Meanwhile, institutional adoption is expanding following an integration with institutional trading infrastructure firm Talos.
The partnership gives Talos clients access to on-chain liquidity through a unified workflow that also includes centralized exchange trading. “The availability of Hyperliquid addresses one of the major hurdles faced by institutions who wish to gain exposure to digital assets via an on-chain solution without having to manage their own connectivity infrastructure,” stated Daniel Packham at Talos. This allows users to trade spot tokens and perpetuals, including HIP-3 contracts, directly on the Talos platform.
