Hyperliquid (HYPE) Price Prediction: Break Below $35.00 Signals Deeper Correction

HYPE is currently trading near the $32.00 level and continues to display a clear bearish bias across the shorter timeframes. As noted in our previous analysis, the rejection at the $50.00 resistance triggered a sustained corrective phase, with price remaining in a defined downtrend ever since. The recent loss of the $35.00 support, following a brief period of consolidation, unfolded exactly as anticipated and has opened the door for further downside. Given the prevailing heavy selling pressure across the broader cryptocurrency market and Bitcoin’s ongoing decline, additional weakness in HYPE remains the high-probability scenario. Let’s examine the latest charts to identify the next key levels in focus for the coming days.

Our HYPE Price Prediction Summary

• HYPE has broken below the critical $35.00 support after couple of weeks of consolidation, confirming resumption of the downtrend.
• Daily chart shows a clear series of lower highs and lower lows since September, with bears maintaining full control.
• Near-term targets sit at $30.50 and potentially $26.50, with the overall outlook remaining firmly bearish.

Analyzing the Charts

Consolidation Ends as Broader Market Struggles

On the 4-hour timeframe, the sequence has played out exactly as expected. After the initial breakdown below the $43.00 area, HYPE entered two weeks long consolidation phase that effectively acted as a pause within the larger corrective move. That sideways range finally resolved to the downside with the clean break of the $35.00 lower boundary, confirming resumption of the prevailing downtrend. A quick reclaim of $35.00 now looks highly unlikely while the broader market remains this weak, so the bias stays firmly lower. The next meaningful support comes in around the $30.50 zone, which lines up with prior lows and should be the first real area to watch for any potential reaction in the sessions ahead.

Long-Held $35.00 Level Collapses, Lower Targets Open

Switching to the 1-day timeframe, the broader picture remains unmistakably bearish. Since September, HYPE has been carving out a consistent pattern of lower highs and lower lows, leaving no doubt about the dominant downtrend. The recent break below $35.00 carries extra weight because this level had served as reliable support for an extended period and was widely viewed as a critical line in the sand. With price now trading underneath it, a daily close below this zone would fully confirm the breakdown and pave the way for continued correction in the days and weeks ahead.

In the near term, we are monitoring the $30.50 area as the immediate support. That said, given the strength of the current trend and the ongoing weakness across the broader market, a test of the $26.50 zone looks increasingly probable over the coming weeks. All of these factors combined are exactly why our near-term HYPE price prediction remains firmly bearish.

Final Takeaway

The technical picture for HYPE has turned bearish significantly over the past few weeks. The firm rejection at $50.00 has added more weight to the downtrend, marked by the clean break of long-held $35.00 support on both the 4-hour and 1-day timeframes. With price now trading below this key level and the broader crypto market still under heavy selling pressure, further downside looks highly likely.

Our primary near-term target sits at $30.50, where prior lows and minor structural support converge. Should that zone fail to hold, the next major area of interest comes in around $26.50, a level that would represent a deeper extension of the current corrective phase. Until HYPE manages to reclaim and hold above $35.00 with conviction, or until we see meaningful signs of exhaustion in the broader market, the bias stays bearish.