HYPE price appears to have completed Wave 3 after rejection from the Fibonacci zone, signaling a possible Wave 4 correction. RSI and MACD indicate easing bearish momentum and early stabilization. Despite short-term pressure, the broader trend remains bullish, supported by Hyperliquid’s expansion into real-world assets and growing market activity.
HYPE Price Wave Structure Signals Cooling Momentum
HYPE appears to have completed most of its Elliott Wave 3 advance after reaching the projected Fibonacci target zone between $73.20 and $81.78.
The recent rejection in this area suggests bullish momentum is cooling, with the structure increasingly favoring the start of a larger Wave 4 corrective phase.
The preferred scenario calls for an ABC correction, with initial support located near $58.40. However, the ideal Wave 4 retracement target remains the 38.2% Fibonacci level at $49.85.
If selling pressure intensifies, HYPE price could extend lower toward the 50% retracement support around $43.86 before stabilizing again.
According to crypto analyst More Crypto Online, despite the corrective outlook, the broader trend remains bullish, with higher highs and higher lows continuing to dominate the chart structure.
A breakout above $73.20 would weaken the correction thesis and expose upside targets at $87.37 and potentially $129.62. Until then, traders should monitor support levels closely.
Also Read: HYPE Price Falls 10% as Arthur Hayes Exits Position, Citing Market Top Risks
Momentum Indicators Show Early Recovery Signals
From a technical Indicators standpoint, the RSI (14), which is standing at 40.95, has a signal line value of 34.16. It has recovered from the frothy waters of being oversold at around 30 and suggests that the sellers’ momentum is waning.
While momentum is yet to cross above the neutral level of 50, the rise indicates attempts by the buyers to take control.
The MACD is making a push towards a bullish crossover because its line, which stands at -2.73982, has crossed above the signal line, which currently sits at -2.77528.
The histogram is making an entry into the positive zone at 0.03546, indicating that the bearish trend has lost some steam.
Hyperliquid Expands Into Real-World Assets
From a market expansion perspective, Hyperliquid Strategies’ CEO, David Schamis, recently revealed that the company plans to extend its horizons to include more tangible forms of assets than crypto perpetuals, like silver, oil, and even shares before their initial public offerings.
According to him, discovering prices for SpaceX through on-chain means would change the IPO game forever. Schamis noted that the strength behind HYPE lies not in hype itself, but in metrics, which include revenue, open interest, and volumes.
The growth drivers for the next stage, according to Schamis, would be options, prediction markets, insurance, and instruments based on expirations, ensuring the importance of Hyperliquid.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read: HYPE Price Targets $80 as Grayscale Launches Hyperliquid Staking ETF
