HYPE price is trying to find stability after weeks of struggling, although technical indicators still show that the market has yet to regain bullish momentum.
At press time, HYPE is trading at $55.42, up 2.55% over the past 24 hours. The modest rebound comes as traders weigh a bearish TD Sequential signal against signs that derivatives activity and on-chain metrics may be finding a floor.
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HYPE Price Faces Massive Resistance
On the daily TradingView chart, HYPE is trading below its 50-day moving average of $63.13, a price level that acts as dynamic resistance. Meanwhile, the coin stays well above its 200-day moving average of $46.23, meaning that its broader trend has not completely broken down.
Momentum remains cautious. The Relative Strength Index (RSI) has increased to 42.64 from near-oversold levels while remaining below the neutral 50 level, which means that buyers have started returning to the market, though they still do not have control.
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HYPE Price Faces Bearish Pressure From TD Sequential
According to market analyst Ali Charts, there is a new technical alert on X. According to the analyst, Hyperliquid has hit a key resistance level where the TD Sequential flashed a sell signal. The analyst added, “$50 becomes the next downside target” if sellers continue defending the resistance.
The signal also aligns with HYPE’s current technical structure. Though there has been an uptick in price lately, the asset remains below a key moving average, suggesting that bears continue to hold the short-term advantage unless buyers reclaim higher levels.
HYPE Price Sees Mixed On-Chain and Derivatives Signals
On-chain activity related to Hyperliquid presents a more balanced picture. Data from DeFiLlama shows that total value locked (TVL) and the number of active addresses have declined recently as prices fell. Nevertheless, TVL and the number of active addresses appear to be stabilizing rather than extending their previous downtrend.
Meanwhile, CoinGlass data shows that open interest has declined alongside the price correction. The decline does not necessarily indicate aggressive new short positions but instead suggests that many leveraged positions have already been flushed out.
What HYPE Price Traders Should Watch Next
HYPE price is at a critical juncture. The technical indicators continue to show overhead resistance, while derivatives positioning and on-chain activity indicate that the selling pressure may be easing after weeks of deleveraging.
The fate of the current recovery hangs on whether buyers will be able to reclaim the $61.98-$63.13 resistance zone. There are two possible scenarios: a bullish continuation if buyers reclaim resistance, or a bearish move toward the $50 level if selling pressure returns. Investors should stay cautious and track the ongoing developments in the crypto market.
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This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
