Hyperliquid HYPE$23.19 is trading at $23.19 today after an 8.69% daily increase, with the asset remaining below the MA-20 at $24.66, the MA-50 at $25.79, and the MA-200 at $38.86. This persistent alignment below key averages signals sustained bearish momentum despite the strong intraday upside.

Highlights

  • HYPE is trading at $23.19, below all major moving averages (MA-20: $24.66; MA-50: $25.79; MA-200: $38.86), signaling persistent bearish pressure.

  • Despite today's 8.69% intraday surge and high volatility, momentum indicators like MACD and ADX remain bearish, with oversold readings on the RSI, CCI, and Bull/Bear Power.

  • The immediate resistance is the Ichimoku Kijun at $24.44 and nearest support is the MA-5 at $22.08, with a baseline outlook of sideways trading in the $21.00–$24.80 range.

Deflationary strategy and innovation drive long-term platform alignment

Hyperliquid has adopted a deflationary tokenomics structure for HYPE, backed by ongoing buybacks funded by substantial annualized revenue. The platform further strengthens long-term alignment between its development team and community through a $31.2 million allocation to Hyperliquid Labs, scheduled for January 2026, under a vesting schedule. Additional innovation stems from its proprietary Layer-1 chain and HyperEVM architecture, which enhance transaction speed and overall token utility. Experimental initiatives like HIP-3 and planned diversification into new markets are also in focus.

Technical barriers reinforce downside bias amid high intraday volatility

HYPE is currently trading below the MA-20, MA-50, and MA-200, highlighting bearish pressure across timeframes. The nearest dynamic resistance is the Ichimoku Kijun at $24.44, with initial support at the MA-5 of $22.08. While the MACD and ADX indicate continued downside bias, the RSI, CCI, and Bull/Bear Power suggest seller dominance through oversold conditions. Today’s high volatility and strong buying after the open mark a divergence from these negative momentum signals.

Sideways movement likely as resistance and selling pressure persist

For the coming five sessions, HYPE is expected to remain within a typical volatility band of $21.00 to $24.80, with less than a 20% probability of sustained upside. The baseline scenario is sideways trading as the market digests recent volatility. A move above the Ichimoku resistance at $24.44 could see HYPE test $24.80, while a break below $21.00 would increase downside risk, yet trend signals suggest any rallies are likely to meet renewed selling pressure unless momentum shifts meaningfully.

"Anton Kharitonov, analyst at Traders Union, sees Hyperliquid (HYPE) trapped below major moving averages, confirming persistent bearish momentum despite recent gains. He notes the token’s deflationary structure and upcoming lab allocation, but technicals remain negative with strong resistance overhead. Sideways trading is expected unless clear momentum emerges. "Until HYPE holds above $24.44, each bounce looks vulnerable and I remain cautious about upside."

Previously it was reported that Hyperliquid remained under persistent selling pressure, trading below key moving averages with bearish momentum confirmed by technical indicators such as MACD and ADX. Oversold readings across the RSI and other oscillators suggest potential for a short-lived rebound, but analysts expect consolidation within the $20.00–$23.00 range unless support fails, which could open further downside.