Hyperliquid (HYPE) Price Analysis: Bearish Pressure Lingers Despite Minor Recovery Signs

HYPE is currently trading near the $38.0 level and is showing slight momentum on the lower timeframes. In our previous analysis, we highlighted that the price was trending downward, with bears holding greater control. That movement still appears intact, and the price could extend toward the $30.0 region if selling pressure continues. At the same time, the micro timeframes show a slight recovery, as buyers are working to reclaim an important level that has recently acted as resistance. Let’s examine the latest HYPE charts to see how the price action could unfold in the coming days.

Our HYPE Price Prediction Summary

• HYPE shows a short-term bounce but remains trapped in a broader consolidation zone on lower timeframes.
• Bulls need a clear breakout above $43.5 to confirm any meaningful trend reversal.
• A rejection near $40.0 could drag the price back toward $35.0 or even $30.0.

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Analyzing the HYPE Charts

Short-Term Price Momentum

Looking at the latest 1-hour chart for HYPE, the price is currently showing upward movement with several consecutive green candles forming. It appears to be holding the $35.0 support level well and is attempting to bounce from it. However, the price is now facing immediate resistance around the $40.0 mark, and another rejection from this area could cause it to lose the short-term momentum it has recently gained.

Consolidation and Resistance Zone

Switching to the 4-hour timeframe, the outlook remains quite similar. Despite the recent bounce, HYPE is still trading within the same consolidation zone it has respected over the past few days, showing limited overall momentum. A clean break above the $40.0 resistance could give bulls some short-term strength, but the key level to reclaim remains the $43.5 mark. This level previously acted as rejection after the recovery that followed the October 10 flash crash. Unless we see a break above this level, our short-term HYPE price prediction will remain on the bearish side.

Falling Wedge on the 1-Day Chart

Lastly, on the 1-day timeframe, the price has broken out of a Falling Wedge pattern, which generally indicates a potential bullish setup. However, the wedge is quite steep, and with strong resistance still present around the $43.5 level, a clear trend reversal remains unlikely for now. The breakout will only hold if buyers can sustain upward momentum, but with the broader market still showing weakness, that push has yet to materialize.

Final Takeaway: What is Next for HYPE?

Overall, HYPE is showing slight short-term recovery signs, but the broader structure still leans bearish. The price continues to trade within a consolidation range, and until bulls manage to reclaim the $43.5 resistance, a decisive trend reversal remains out of reach. On the lower timeframes, momentum indicators suggest temporary strength, but that alone may not be enough to sustain a larger move. If the price faces rejection again near the $40.0 zone, it could revisit the $35.0 support and possibly test lower levels around $30.0. For now, the market remains uncertain, and bulls need a clear breakout above key resistance levels to shift control in their favor.