Altcoins News

Story: Hyperliquid (HYPE) Faces Short-Term Dip Amid Bullish Momentum

By Julie Binoche

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Hyperliquid (HYPE), a rising star in the digital asset space, recently hit a new all-time high of $44, riding on months of steady accumulation, whale activity, and increased…

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Despite this short-term dip, HYPE remains one of the stronger performers in the altcoin market.

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The three-day chart shows that HYPE continues to maintain a bullish market structure. The price had broken through a previous high near $27.

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Another bearish signal appeared on the three-day Relative Strength Index (RSI), which has been forming lower highs even as the price has posted higher ones—a classic case of…

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On the four-hour timeframe, the market structure remains bullish, though momentum has cooled.

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The fundamentals behind HYPE’s rise remain intact. Institutional activity is on the rise, with whales continuing to accumulate.

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Exchange data further confirms the bullish sentiment. There has been a consistent trend of outflows exceeding inflows, suggesting that holders are moving their HYPE tokens into…

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User activity on the network is also improving, with a 15.9% rise in active addresses and an 8.9% increase in new address creation over the past week.

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While a deeper retracement is possible if Bitcoin continues its correction, the overall trend for HYPE remains bullish.

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In summary, Hyperliquid is navigating a period of short-term price weakness, but its long-term uptrend looks intact.

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