Hyperliquid HYPE is rangebound due to seller-dominated spot order flow and flat user growth; limited fee expansion and muted market sentiment have kept HYPE below the $45–$50 supply zone, and a broad Bitcoin-led altcoin rally is likely required to reignite a sustained uptrend.
Seller-dominated spot orders kept HYPE capped at $45–$50.
Daily volume steady but new user growth fell sharply over six weeks.
Fees stayed flat; HYPE lost 8.4% in the past week, highlighting bearish edge.
Meta description: Hyperliquid HYPE outlook: seller-dominated spot flows and flat volumes cap HYPE below $50 — read key signals and what could trigger a breakout.
What is the current outlook for Hyperliquid HYPE?
Hyperliquid HYPE is rangebound. Spot order flow has been sell-dominated since late June and daily trading volume and fees remained steady without expansion, keeping the token below the $45–$50 supply zone. A market-wide increase in participation, led by a Bitcoin breakout, would likely be required to change this dynamic.
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CryptoQuant’s Spot Taker CVD showed a 90-day cumulative taker sell dominance, meaning market sell orders outpaced buys. Source: CryptoQuant. Dune Analytics reported steady daily volume but a sharp drop in new users. Source: Dune Analytics. DefiLlama showed fees holding flat. Source: DefiLlama. These metrics explain HYPE’s failure to sustain gains after April–May rallies.
Chart structure: On the 1-day chart (HYPE/USDT on TradingView), higher lows since May show a bullish swing structure, but the DMI indicates no strong trend behind price action. Source: TradingView.
HYPE is likely to trend higher if two conditions occur: 1) a significant rise in user activity and trading volume on the DEX, and 2) renewed market-wide bullish conviction, typically triggered by a clear Bitcoin (BTC) breakout that draws capital into altcoins.
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Source: https://en.coinotag.com/hyperliquid-hype-may-struggle-to-break-45-50-without-btc-led-volume-surge/