Altcoins News
By Sakamoto Nashi
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The cryptocurrency market has once again turned its spotlight on Hyperliquid (HYPE), one of the most talked-about altcoins in recent months.
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With HYPE oscillating within a wide trading range of $36–$50 throughout Q3, both short-term traders and long-term holders are watching the charts closely.
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Price Rejection Signals Bearish Momentum
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At the time of writing, HYPE was trading below the mid-range support of $42, a level that has historically served as a pivot point for bulls and bears.
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Technical indicators are strengthening the bearish case. The Relative Strength Index (RSI) has been trending lower, reflecting weakening momentum from buyers.
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The Supertrend indicator has also flashed a clear sell signal, reinforcing the bearish outlook.
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Liquidity Levels Could Drive Price Action
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Liquidity maps suggest that price magnets are forming at key levels. On the downside, liquidity clusters exist at $40 and $37.3, both of which could attract further sell pressure.
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On the upside, liquidity pools remain concentrated around $45 and $50. These levels represent potential hurdles should buyers attempt a rebound.
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Macro factors could also play a role. With investors awaiting commentary from U.S. Federal Reserve Chair Jerome Powell at the Jackson Hole Symposium, a hawkish stance on interest…
11 / 15
Short-Term Bearish, Long-Term Opportunity?
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While short-term technicals suggest weakness, the longer-term outlook for HYPE may tell a different story.
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The SWPE compares HYPE’s market capitalization against its protocol earnings, providing insight into whether the asset is trading at a discount.
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At present, HYPE’s SWPE ratio stands at 3.19—a level that analysts interpret as a potential bargain for long-term investors.
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The clash between technical weakness and fundamental strength has left the market divided. On one hand, traders focusing on price charts and liquidity sweeps see opportunities to…
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