HYPE is hovering near key support levels as liquidity pressure builds, leaving traders alert for a decisive move that could shape its next major trend.
HYPE has entered a tense moment in its structure, dipping into a region packed with long liquidations while volume dries up across the chart. This kind of setup usually marks a make-or-break point, where either a final liquidity sweep hits the tape, or buyers step in aggressively to reverse the trend.
Long Liquidations Dominate the Current Landscape
HYPE’s liquidation map shared by Crypto Picsou shows a clear imbalance right now, with long liquidations stacked heavily between $20 and $35, while short liquidations remain relatively thin until much higher levels. This tilt suggests that Hyperliquid’s leveraged longs have more exposure on the downside, meaning the market could still sweep another cluster of long positions before forming any meaningful rebound. The density of forced-sell levels under current price is far greater than buy-side pressure above it.
HYPE’s heatmap shows heavy long clusters below price, hinting at a possible liquidity sweep. Source: Crypto Picsou via X
Because these liquidation pockets often act like magnets, price may briefly dip lower to flush remaining liquidity before stabilizing. Once these long-heavy zones are cleared, the path upward could become cleaner, but for now the data leans towards one more liquidity event before momentum can flip.
Weak Bounces Suggest that HYPE Bottom May Not Be Confirmed Yet
The HYPE structure highlighted by MW_Trades shows that recent price action resembles a rounding bottom, but the concerning part is how shallow the bounce attempts have been. Each reaction high is still capped under previous supply zones, and the Hyperliquid chart continues to show a series of lower-timeframe LH/L L sequences, indicating buyers are stepping in without conviction. This kind of pattern often traps early dip-buyers expecting a reversal too soon.
HYPE’s weak rebound attempts keep structure heavy, with lower highs still dominating the chart. Source: MW_Trades via X
Unless HYPE reclaims the mid-range levels cleanly, the “bottom-looking” structure could simply be part of a broader distribution phase. For a true reversal, price needs to break above the near-term resistance where previous wicks repeatedly failed, otherwise, the chart risks rolling over and setting a new lower low before any stronger trend emerges.
HYPE Price Retreats to 7-Day Lows
The Brave New Coin chart shows HYPE sliding back to $37 to $38, marking its lowest level in the past week. Price has steadily drifted down from the $41 to $42 region, forming a clear short-term downtrend with compressed candles and declining volume.
This gradual bleed reflects hesitation from buyers and a lack of aggressive support near the mid-range. The market appears to be waiting for either a flush or a clear structural reclaim before taking larger positions.
If price fails to hold this $37 zone, the next visible support in the recent range sits closer to $34 to $35, where previous consolidation took place earlier in the month. For bulls, a recovery above $40 remains the first sign of stabilization, as that level capped multiple attempts to regain momentum. Until then, HYPE remains technically pressured.
Hyperliquid’s current price is $38.70, down -5.95% in the last 24 hours. Source: Brave New Coin
HYPE vs BTC Shows Strength Despite USDT Weakness
While HYPE’s USDT pair has struggled to hold support, the BTC pair paints a very different picture. Greeny’s chart shows a strong trending structure against Bitcoin. HYPE is not only holding a major S/R level against BTC but also looking to break out of the descending trendline resistance.
Even dips are met with sharp recoveries, indicating that BTC-based capital continues to favour HYPE relative to other altcoins. This divergence is notable, strong performance against BTC often precedes strength in the USDT pair once market conditions stabilize.
HYPE holds strong against BTC, with price pressing against a key trendline breakout level. Source: Greeny via X
The highlighted breakout attempt above a downward sloping trendline, with the current weekly candle pressing closely against it, shows a sign of strength, and if this breakout confirms, HYPE could enter a fresh leg of outperformance relative to BTC, suggesting underlying strength that the USDT chart doesn’t fully reflect yet. It’s a key signal to monitor as broader market volatility settles.
Final Thoughts
Hyperliquid’s structure is sitting at a sensitive point, with $37 to $38 acting as the immediate support range, and a failure here could open a move towards the next liquidity pocket near $34 to $35. The liquidation map also shows a dense cluster of long liquidations between $28 and $33, meaning any deeper dip could be quick and mechanically driven before buyers step back in.
On the upside, $40 remains the first reclaim level, but the real trend shift only starts if HYPE breaks above $43 to $45, the zone that repeatedly capped momentum over the last week. A breakout above that region would align with the strength we’re seeing on the BTC pair, potentially setting up a bullish Hyperliquid Price Prediction back towards $50.