Hyperliquid (HYPE) Price Prediction: Bears Eye $31.5 Support as Momentum Fades

HYPE is trading around $40.0 at the moment and still hasn’t picked up clear momentum. In our previous analysis, we pointed out that the daily structure had shifted after the price started printing lower highs and lower lows. That was the first sign of a correction, and the move gained even more pressure during last Friday’s flash crash, triggered by President Trump’s China tariff announcement. The sell-off briefly sent HYPE down to the $21.0 region, but buyers quickly stepped in and pushed it back above the $37.0 support. That level is holding for now, although it may not be the strongest floor if market sentiment remains weak. With that in mind, let’s check the latest charts and see what could be next for HYPE.

Our HYPE Price Prediction Summary

• HYPE is still struggling to build momentum, with every bounce facing quick rejection.
• $37 and $31.5 remain the key levels to watch as bears keep control of the short-term trend.
• Any real short term recovery only starts if HYPE finally breaks above $43.5 with conviction.

Analyzing the HYPE Charts

4H Structure Shows Attempted Recovery

Looking at the latest 4-hour chart, HYPE is technically in an uptrend since it has formed a higher high and a higher low. Even so, momentum seems weak. The price has already rejected the $43.5 resistance once and is now making another attempt to break through it. A clean move above that level would give bulls some breathing room and open the way toward the next resistance near $50.0. But for now, the price still looks heavy, and a retest of the $37.0 support seems more likely. If sellers manage to push it below that zone, the next key support to watch is around $31.5.

Larger Bearish Structure Still Overrides Minor Rebounds

On the 1-day timeframe, the bigger structure becomes easier to read. Before the flash crash, HYPE formed a Head and Shoulders pattern which is statistically a bearish setup and usually signals the start of a correction. The pattern played out as expected as the price lost the $43.5 support and continued lower. This is the main reason why our current HYPE price prediction leans bearish. The breakdown target from that structure has not been met yet and it sits below the $31.5 support level.

Another Leg Down Remains Likely Unless Buyers Step In Strong

Technically, the Head and Shoulders target was reached during the flash crash. However, the price can still revisit the $31.5 support in the short term as bullish momentum fades and overall market sentiment shifts. For now, it makes sense to wait and see whether HYPE consolidates at current levels or continues to drop before making any further moves. If buyers somehow manage to push the price above $43.5, the $50.0 resistance would be the next level to watch, although that scenario does not seem likely at the moment.

Final Takeaway: What is Next for HYPE?

HYPE is holding key support levels but the recent price action still favors the bears. The short-term structure shows attempts to recover, yet momentum remains weak and every push higher faces rejection. Indicators across both the 4-hour and 1-day timeframes suggest that buyers are losing strength, which keeps the $37.0 and $31.5 supports in focus. A drop toward those zones remains the more likely path unless the price convincingly clears $43.5. Until that happens, patience is necessary. HYPE price prediction stays cautious with downside risk still in play, while any bullish scenario will only become valid once strong confirmation appears on the charts.