HYPE Faces $27M Sell Wall as Price Stalls Below $35, With Key Support Holding Between $27 and $30.
HYPE HyperLiquid price is currently trading just under $35, caught between pressure zones above and potential support below. Participants are watching closely as a massive $27 million sell wall looms between $38 and $40, a level that could decide what happens next.
Hyperliquid current price is $34.43, down -4.45% in the last 24 hours. Source: Brave New Coin
$27M Sell Wall Looms for HYPE
A major liquidity barrier is taking shape for HYPE, with Henrik spotting nearly $27 million in sell orders stacked between $38 and $40. This kind of clustered resistance shows that large sellers are clearly enforcing a selling behavior around this region.
HYPE faces clustered resistance with $27 million in sell orders between $38 and $40. Source: Henrik via X
Technically, such dense order book resistance can act like a ceiling until aggressive buying breaks through, or until sellers back off. If HyperLiquid price manages to slice through the $40 level, it could trigger a sharp squeeze and open room for a cleaner run higher. But until then, traders may want to stay cautious: this wall could cap momentum or spark short-term pullbacks if demand doesn’t match the sell-side pressure.
Aditya Highlights Potential Buy Zone for HYPE
As HYPE faces a $27M sell wall up at $38 to $40, crypto analyst Aditya is turning his focus to potential buy zones below. His chart highlights a support cluster forming between $27 to $30, an area that previously acted as resistance and now could flip to demand. The volume profile shows steady interest around this zone, making it a logical spot for bulls to re-enter if the price dips.
HYPE shows potential support between $27 to $30. Source: Aditya via X
From a technical standpoint, this range aligns well with horizontal support, which could offer stability in case of a pullback. If HYPE retraces and finds footing here, it could fuel a continuation move that eventually retests higher levels.
HyperLiquid (HYPE) Price Prediction
Corgil paints a scenario where HYPE takes a dip first, just enough to shake out weak hands, before reclaiming key levels and making a run toward the $56 zone. The chart outlines a classic sweep of liquidity down into the $28 to $30 range, a level of interest that aligns with prior consolidation and untested support.
HYPE may dip to the $28 to $30 zone before any meaningful push higher. Source: Corgil via X
The dip serves to absorb sell pressure and reset momentum indicators, creating better conditions for an impulsive move. If HYPE pushes through the $40 zone with volume and conviction, especially past that $27M sell wall mentioned earlier, it could open the doors towards the $50+ “hyperliquid” zone.
Liquidity Clusters Suggest HYPE May Dip Before a Rally!
Fresh liquidation heatmap data from Bitconsensus adds critical context to HyperLiquid’s current squeeze potential. Price action is caught between two heavy liquidity zones, $31.5 on the long side and $40 on the short side. This creates a classic liquidity trap setup, where market makers may first push the price lower to wipe out long positions before reversing to challenge short-held territory and aim towards the $50+ zone.
HYPE has key liquidity zones at the $31.5 and $40 levels, signaling potential for a trap move before any breakout. Source: Bitconsensus via X
This aligns with the broader technical setup: HYPE HyperLiquid price is reacting under a thick sell wall, and liquidity hunts often act as catalysts for short-term volatility. If the price tags the $31.5 long cluster, it could liquidate weak longs and create the conditions needed for a more sustainable bounce.
Final Thought: A Dip Before the Climb?
Technicals are giving a realistic picture of what might come next for HYPE. It shows that price could drop into the $27 to $30 zone first, an area where support has held in the past. This kind of dip can help clear out weak positions and reset the market before any real move higher. If buyers step in around this zone, HYPE might slowly work its way back up towards $40 and beyond.
Source: https://bravenewcoin.com/insights/hyperliquid-hype-price-prediction-50-rally-on-hold-as-technicals-signal-dip-to-30-first