Hyperliquid (HYPE) dropped below the $65 resistance level on July 16, 2026, trading at $62.26 with a 7.93% decline in 24 hours. Analyst semifury.eth warned that a daily close below $65.784 could trigger a move toward $57.22 support. Reclaiming the $65–$66 zone would restore bullish momentum. Technical indicators show selling pressure, with the price below the mid Bollinger Band at $66.47 and the Relative Strength Index at 43.48, below the neutral 50 threshold. Market capitalization stands at $15.8 billion, with daily volume of $887.2 million. Investors are watching whether $60 support holds or if losses extend to the $57.22 target.
Hyperliquid (HYPE) fell below a key resistance level on July 16, increasing the risk of further losses if buyers fail to regain control. At the time of writing, HYPE is trading at $62.26, down 7.93% over the last 24 hours, with a daily trading volume of $887.2 million and a market capitalization of $15.8 billion.
A crypto analyst, semifury.eth, provided a technical analysis on July 16, 2026, stating that HYPE is currently trading slightly below the significant resistance level. In his opinion, closing daily below $65.784 would raise the probability of a move lower toward $57.22, which is considered the next important support level.
Conversely, a return above $65 would enable the cryptocurrency to continue its uptrend and potentially test its earlier highs. This level is essential because it will determine whether the next big movement of the token will happen.
Technical indicators point to weak buying strength. HYPE is now trading under the mid Bollinger Band, positioned at $66.47, with the bottom band at $60.52. The 14-day Relative Strength Index is at 43.48, below the neutral level of 50 and the 52.75 signal line, indicating that the current downward trend is continuing but not yet oversold.
If the coin reclaims the $65–$66 area and closes above it, technical parameters may move into the green zone again. However, if the sell-off persists and HYPE stays below this resistance level, attention will shift to the $60 support initially, then to the analyst’s target of $57.22.
