- Bearish Trend Strengthens—HYPE price action turns bearish after failing at $41, now targeting a possible drop to the $31 range low.
- Resistance Holds Firm—The $38 level remains a strong barrier, and the OBV decline signals continued sell-side pressure across multiple timeframes.
- Short-Term Bounce Possible—The RSI divergence suggests a temporary push toward $39–$40, but bearish momentum remains dominant.
Hyperliquid [HYPE] continues to face selling pressure, and the HYPE price action turns bearish below the mid-range level of $37.9. After failing to breach $41 in mid-July, HYPE reversed and returned to the broader range established since late May.
Currently, HYPE price action turning bearish remains the dominant trend, pointing toward a retest of the range low at $31.
Sellers Regain Control Below Resistance
HYPE price action turns bearish as it retests the $38 level as resistance, confirming a breakdown from the mid-range support. Repeated rejections at $41 and $44 have set a sequence of lower highs, strengthening the bearish structure across multiple timeframes. The On-Balance Volume (OBV) has steadily declined, aligning with the growing sell-side dominance.
The HYPE 1-hour chart shows price recovering modestly from $36.50, though challenges remain in reclaiming the $40 resistance. Volume data shows a slight uptick, but not enough to offset prior sell-offs. As a result, HYPE price action turns bearish and continues to pressure any upward moves.
Volatility Ahead as Bulls Eye Short-Term Relief
While the trend remains negative, a potential bounce from Bitcoin’s short-term support near $111k–$112k could support HYPE. If BTC recovers, HYPE price action turns bearish and may temporarily pause, opening a push toward $39 or $40. However, unless HYPE flips $38 to support, the downtrend stays valid.
Technical indicators on the 4-hour chart show a bullish divergence on RSI, suggesting a reaction rally is possible. Still, the structure remains bearish unless momentum breaks above $39.2 decisively. HYPE price action turns bearish until proven otherwise, and a drop to $31 remains likely.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
