The Hyperliquid price analysis by Coinidol.com.
Hyperliquid price long-term analysis: bearisish
HYPE price has remained above the $35 support, which has held since August 2. This support has been breached three times by the negative trend, but bulls have bought the dips. At the 21-day SMA, bullish momentum has also been restrained. Today, the cryptocurrency price is retesting the current support before resuming its decline.
On the downside, if the bears succeed, the altcoin will fall to the 2.0 Fibonacci extension at $21.54. In contrast, HYPE will continue to trade in a range above the existing support until the trend is determined. HYPE was trading at $36.12 at the time of publication.
Hyperliquid indicator analysis
The moving average lines are trending downwards, with the 21-day SMA below the 50-day SMA, signalling a decrease. On the 4-hour chart, the moving average lines are also moving downwards, indicating a downturn. The price bars are retesting the resistance at the 21-day SMA but are again being rejected.
HYPE/USD daily chart – October 22, 2025
What is the next direction for Hyperliquid?
HYPE is on a downward trend but has stalled above the current support at $31 since October 10, as Coinidol.com reported. The altcoin is trading above the $34 support level but below the moving average lines or resistance at $40. According to the price indication, HYPE will continue to decline below the existing support.
HYPE/USD 4-hour chart – October 22, 2025
Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.