Hyperliquid (HYPE) Price Prediction: Bearish Bias Intact Despite Current Consolidation and $36 Retest.

HYPE is currently holding tight right around the $35 mark, still stuck in consolidation on the lower timeframes. As we pointed out in our previous analysis, HYPE has broken below the crucial $36 support, and since then, it's been mostly grinding sideways. The good news here is that the bulls are clearly stepping up and defending that $30 level quite nicely. They are also now challenging resistance at $36 and a decisive break above that ceiling could bring some much-needed relief to the price action in the short term, even if the broader macro trend is still pointing downward. With that in mind, let’s take a look at the latest HYPE charts to see exactly where the price might be headed in the coming days.

Our HYPE Price Prediction Summary

• The $36 resistance level is the immediate focus for HYPE and a break above is required to trigger any relief bounce.
• The macro trend remains bearish, reinforced by recent weekly candle closes below the $36 key level.
• A rejection at $36 likely forces a retest of $30, with a break below signaling the next target at $25.

Analyzing the Charts

Consolidation Continues on Lower Timeframes

Zooming in on the latest 4-hour chart, we clearly see that HYPE has been locked in a strict consolidation zone for the past couple of weeks. Specifically, the price action has been trading tight between the strong $36 resistance level and the critical $30 support. This range-bound movement signals that the market has been slow, with neither bulls nor bears able to gain significant control and push the price out of this neutral zone. Despite failing to break the $36 resistance on the last attempt, HYPE is now retesting that level. Should the price manage to secure a decisive break above this overhead resistance in the immediate short term, we can finally anticipate a small relief rally for HYPE.

Daily Downtrend Remains Intact

Shifting our focus to the 1-day timeframe, the broader picture clearly confirms that the price is still moving within a dominant downtrend. HYPE continues to establish a series of lower highs, meaning the asset has not yet managed to decisively break this bearish pattern. Currently, the price is retesting the $36 resistance level. If HYPE successfully manages a break above this resistance within the next day or two, we could see the start of a short-term relief rally. However, this short-term move would not shift the broader trend. A sharp rejection at $36 will keep the bearish trend intact, making a retest of the $30 support level almost inevitable. Should the price ultimately break below the $30 support after a $36 rejection, the next critical level to watch will be around the $25 mark.

The Prevailing Bearish Structure

Lastly, examining the 1-week timeframe provides crucial macro confirmation, cementing the current outlook. For the first time since June, the price has started closing weekly candles decisively below the key $36 support level, which significantly strengthens the overall downtrend. This bearish shift was actually flagged much earlier by the clear bearish divergence HYPE formed on the weekly charts back in September. We are now seeing that technical pattern play out in real-time, and it still holds the potential for further continuation. This weekly chart structure is precisely why our HYPE price prediction continues to lean towards the bearish side.

Final Takeaway: What is Next for HYPE?

HYPE's immediate price action is caught in a narrow consolidation, yet the overarching technical picture confirms a dominant bearish trend. The daily and weekly timeframes indicate a continued formation of lower highs, reinforced by the recent weekly candle closes below the long-held $36 support. The key focus remains the retest of the $36 resistance. A successful and sustained break above this level is required to initiate a necessary short-term relief rally. Conversely, a rejection at $36 will call for another retest of the $30 support. Given the confirmed weekly bearish structure, a breakdown below $30 seems likely and the next critical support region to watch will be the $25 mark. The market bias will remain firmly bearish until a structural shift is confirmed on the higher timeframes.