Hyperliquid (HYPE) is seen rolling off from a strong uptrend into a pullback on the 4-hour chart, trading below the 20 and 50-period EMAs and testing the zone around the 100 and 200-period EMAs as of March 31, 2026.
The current support level is located near the $36.8 level. Holding above the $35 level maintains the overall bullish structure. If buyers hold firm in the area of $36 to $35, the route could continue to a reclaim of $38.5, then a pivot of $39.4, and then $41 and the old highs of $43.
If the strength persists, the route could continue to $45 and then $48, which would indicate a continuation with higher highs and increasing momentum, as suggested by crypto analyst Altcoin Sherpa.
If support breaks decisively below $35, downside targets become $34.7, then $32.5 golden pocket, followed by $29.5 major retracement.
Continued weakness could push the price toward $27 to $25 demand zone, signaling a deeper correction and potential trend shift into broader consolidation or bearish structure.
Also Read: Hyperliquid (HYPE) Shows Strength: Will $43.7 Unlock Next Rally?
Momentum Weakens as Sellers Gain Market Control
From a technical perspective, currently, the RSI is at 47.79, which is well below its moving average of 58.79. As the RSI is falling, it indicates the sellers are gaining control.
Momentum is moving away from the neutral zone and into the bear zone. Until the RSI crosses above 50 and is moving up, the short-term price momentum is still being held back.
The MACD is also showing a bearish crossover, where the MACD line is currently at 1.07004 and is below the signal line, which is at 1.71176. The histogram is also showing a value of -0.64172.
This is a sign of weakening bullish momentum and increasing selling pressure. The divergence in the price could also lead to a reversal of the trend.
Institutional Expansion Supports Long-Term Outlook
Recent developments around Ripple Prime’s deployment of Hyperliquid (HYPE) expansion are expanding institutional access to on-chain perpetual markets, which increases the level of exposure to commodities such as gold, silver, and oil.
This is deepening liquidity, making the adoption process smoother, and allowing trading to become even faster and more efficient. From a broader perspective, HYPE has the potential to surge as a result of increased institutional demand.
This means that more utility and liquidity will be accompanied by more volatility, with traders closely monitoring key support and resistance levels to look for breakout signs and potential upside following this integration news.
Why This Matters
Strong support levels are required at $35-$36, as a fall below this level can result in further corrections in the market.
The Ripple Prime expansion has the potential to add liquidity, attracting institutional investors and hence increasing participation in HYPE markets.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read: Hyperliquid HIP-3 Open Interest Reaches $1.88 Billion ATH
