Altcoins News
By Steven Anderson
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After a strong rally that pushed Hyperliquid’s HYPE token to a new all-time high, signs are emerging that a temporary cooldown could be underway.
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In recent weeks, HYPE has captured attention across the crypto market with a sharp upward move, climbing over 48% within a month.
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Yet, some short-term cracks in momentum are beginning to show.
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The HYPE token recently reached a new high near $44, surpassing its January peak of $27.20 by a wide margin.
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However, since topping out, the RSI (Relative Strength Index) on the 3-day chart has started to show lower highs while the price has continued to post new peaks.
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At the same time, trading volume has tapered off. A drop in the 20-day moving average of volume during a rally can signal that buyer interest may be slowing down.
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Support levels in focus as price cools off
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Zooming into the 4-hour timeframe, the HYPE chart shows that a short-term correction may already be underway.
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The OBV (On-Balance Volume) has not shown any dramatic drop yet, which means that sellers haven’t taken full control.
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Fibonacci retracement levels suggest potential support zones between $38.30 and $35.00. These levels may offer buying opportunities if demand holds up and Bitcoin avoids a deeper…
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Macro factors and Bitcoin’s dip influence HYPE’s path
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The broader market backdrop also plays a role in HYPE’s current trajectory. Bitcoin recently pulled back from the $111,000 level after failing to break higher.
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HYPE’s bullish structure, however, remains intact across higher timeframes. Even if the price revisits the mid-$30 levels, the long-term trend still shows strength, as long as…
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Additionally, large holders of HYPE have continued accumulating, according to whale wallet tracking.
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Crypto traders are closely watching to see whether the current dip turns into a deeper retracement or simply a brief consolidation before another move upward.
The Currency Analytics
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