Altcoins News

Story: Hyperliquid (HYPE) Drops Below $40: Is a Fall to $32 Next?

By MikeT

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Price Action: $40 Break Signals Weakness. The breakdown below $40 is a key technical development.

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Momentum Shifts Bearish. Over the past four days, HYPE has printed a series of red daily candles, each one confirming the…

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MACD Shows Bearish Cross on the 3-Day Chart. One of the more alarming signals came from the 3-day MACD indicator, which has formed a bearish…

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Support and Resistance Levels to Watch

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What Could Trigger a Rebound?. While the outlook is bearish for now, some factors could still change the market narrative.

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Final Thoughts. Hyperliquid (HYPE) is currently navigating a critical phase.

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Hyperliquid (HYPE) has recently lost a critical support level at $40, sending bearish signals across the market.

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The breakdown below $40 is a key technical development. This level had served as solid support for multiple weeks, and many investors hoped it would hold firm.

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If $37 fails to act as a strong support level, market participants believe HYPE could find its next major floor around $32.

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Volume also suggests growing bearish conviction. As the token continues to fall, trading activity has increased—an indication that many investors are choosing to exit positions.

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One of the more alarming signals came from the 3-day MACD indicator, which has formed a bearish cross. This type of signal often marks the start of extended corrections.

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The MACD (Moving Average Convergence Divergence) is a momentum indicator that reflects the relationship between two moving averages of a security’s price.

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If bulls manage to push the price back above $40, this could invalidate the bearish setup and open the door to a short-term recovery.

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On the flip side, if the $37 level does not hold, traders anticipate another leg down toward $32.

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Strong community support: If the Hyperliquid community rallies around the project, renewed buying interest could help stabilize the token.

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