The native token of Hyperliquid, called HYPE, has had a difficult period. This comes as a broad drop sweeps through the cryptocurrency market. Many traders and analysts are watching HYPE closely to see what could happen next.
Right now, HYPE is worth about $26. That value means it has fallen roughly 11% in the last week. It is also down about 56% from its all-time high near $60, which was reached in the middle of last September. In plain words: the price is far below its best moment last year.
Some well-known market observers have shared their views. Ali Martinez, a widely followed crypto analyst, looked at how HYPE has moved recently. He noted a chart pattern that traders watch to guess what might happen next. He said the price was breaking out of a triangle shape on the chart. In simple terms, a chart pattern is a recognizable shape on a price chart that traders use to try to predict future moves. If the price breaks down further from this triangle, he warned that HYPE could fall to around $20.
Another analyst, Sjuul from AltCryptoGems, also suggested that a deeper pullback could be on the way. The concern is that there aren’t strong buyers showing up yet to push the price higher, so more decline is possible in the near term.
Not everyone is pessimistic, though. Nebraskangooner, who has been quite negative about HYPE lately, argued that the token was rejected at a key price level, which could lead to a sharp fall toward zero. While this is an extreme view, it reflects how uncertain and risky the market can be right now.
There is also something called exchange netflow. This is a simple measure of how funds move into or out of crypto exchanges. In the last few days, inflows (money coming into exchanges) have slightly exceeded outflows (money leaving exchanges). This situation can be a sign that some investors are moving their coins from wallets they control themselves (self-custody) to centralized platforms where an exchange holds them. It does not always mean these investors plan to sell right away, but it can precede selling activity. The data is tracked by sources like CoinGlass, and it is one more clue traders watch as they try to judge price moves.
On the other side of the discussion, some optimists expect a rebound for Hyperliquid’s token. One X user who goes by the name HYPEconimst suggested a possible path back up. He talked about a move to $27.5, followed by a return to the $30.5 zone, and then a surge to around $45.5. In plain language: a climb back to higher levels could happen if buyers come back in force.
A different analyst, ryandcrypto, argued that the price is unlikely to fall below $20 “easily.” He added that such a drop might require Bitcoin (BTC) to move well below $60,000. In other words, he thinks a deep crash would need a very weak market overall. This kind of view shows how much the future depends on how the entire crypto market moves, not just one token.
TraderSZ also weighed in, predicting more volatility in the months ahead. He expected HYPE eventually to move above $36. If the market is unstable, prices can swing up and down a lot before finding a stable level.
Another factor traders look at is the Relative Strength Index (RSI). The RSI is a tool used in technical analysis to measure how fast and how much prices have moved recently. It helps traders see if a coin might be overbought (too many buyers pushing the price up too quickly) or oversold (too many sellers pushing the price down). The RSI is calculated on a scale from 0 to 100. Values near 30 can indicate a rally may be coming, while values near 70 can suggest bearish conditions. At the moment, HYPE’s RSI is just above the “bullish zone,” meaning some traders think the price could be ready to rise again. For readers new to the term, a chart trend is the general direction prices move over time, and a market trend can be understood in different levels of time, like short-term and long-term. You can learn more about these ideas from simple explanations of chart patterns and bear markets.
In summary, Hyperliquid’s HYPE token has fallen a lot in price and has some traders worried about further losses. A few expect more downside if the price breaks lower from the current chart patterns, while others think a rebound could come if buyers return and the market stays stable or improves. At the same time, on-chain data like exchange netflow shows mixed signals about how traders are moving their funds, which can influence future price moves. As always with crypto, there is no guaranteed path, and prices can move quickly based on new information and overall market psychology.
For now, investors and fans of Hyperliquid will continue to watch key levels on the chart, monitor on-chain data about where money is moving, and listen to the ideas of different analysts. The story of HYPE is a reminder that crypto prices can rise and fall for many reasons—sometimes because of technical patterns on a chart, sometimes because of broader market mood, and sometimes because of big moves in related assets like Bitcoin. Analysts will likely keep sharing their views as the situation develops, and listeners should always do careful research before making investment decisions.
Source: The post Hyperliquid (HYPE) Plunges by 11% Weekly: Further Losses on the Way? appeared first on CryptoPotato.
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