Hyperliquid (HYPE) Drops 6% to $45, But Analysts Say a $55–$60 Rebound May Be Next
Hyperliquid (HYPE) prolonged its pullback for a fifth straight session on Tuesday, sliding about 6% intraday to the $45–$46 zone after a sharp rejection at a reclaimed trendline.
While near-term momentum has flipped bearish, a number of on-chain and market-structure cues nonetheless level to a potential rebound towards $55–$60 if consumers can shortly stabilize the value above key helps.
Derivatives Tilt Bearish, however Spot Holds the Line
Futures positioning has swung defensively, and in accordance to Coinglass, the long-to-short ratio slipped to 0.80, its lowest in over a month, signaling merchants are leaning brief into weak point.
Momentum indicators echo the warning, day by day RSI close to 45 sits under the impartial 50 line, and MACD registered a bearish cross, each according to cooling pattern power.
Technically, HYPE failed a back-test of a damaged ascending trendline and bled almost 7% from Friday to Monday, with charts flagging $39–$40 as the subsequent main help if promoting accelerates. On the upside, $51–$52 is first resistance, the place bulls doubtless meet clustered provide from latest breakdown ranges.
Why Hyperliquid (HYPE) Bulls Still See $55–$60 on the Table
Despite the purple prints, spot exercise stays constructive. Hyperliquid has been defending the mid-$40s repeatedly, and prior consolidations above $45–$47 have preceded robust continuation strikes.
Under the hood, token staking north of 660,000 HYPE ($30million) plus systematic buybacks are decreasing circulating provide, creating a supportive backdrop when demand returns.
Meanwhile, protocol charge income round $3million/day underscores sturdy utilization whilst new perp-DEX opponents courtroom quantity with incentives. Community and analyst “fair-value” chatter continues to cluster round $55–$60, suggesting sentiment will doubtless flip shortly if worth reclaims the short-term breakdown space.
Price Levels and Trade Map for the Week
The quick buying and selling level sits in $44–$49. A day by day shut again above $49 would neutralize the breakdown and open $52, then $55–$60 as momentum targets. Failure to maintain $46–$47 invitations a retest of $44, with a deeper flush risking the $39–$40 demand zone the place dip-buyers might step in.
Market internals to watch: if funding stays orderly, liquidations stay contained, and spot-led shopping for outpaces leveraged shorts, the chance of a V-shaped restoration rises.
Macro context issues too. Perp-DEX market share is increasing industry-wide, and whereas rivals (e.g., Aster) have briefly siphoned volumes, Hyperliquid nonetheless instructions robust open curiosity and charge traction, key indicators of stickier liquidity.
Cover picture from ChatGPT, HYPEUSD chart from Tradingview