Coinidol.com: The Hyperliquid (HYPE) price has moved sideways after falling above the $32 support.
Hyperliquid price long-term analysis: ranging
The upward correction was also halted below the $52 threshold. In other words, the cryptocurrency is currently trading above the $32 support and below the $52 resistance. Today, the price dropped between the moving average lines. HYPE is likely to remain caught between these moving averages for a few days.
On the downside, if the bears breach the 21-day SMA support, the altcoin will fall to just above the $32 low. However, if the altcoin breaks above the 50-day moving average, it will resume its upward trend and could reach the previous high of $59. HYPE is now worth $41 at the time of writing.
Technical Indicators:
HYPE price indicators analysis
The price bars are positioned between the moving average lines. The crypto price is falling as a bearish trend threatens to break below the 21-day SMA support. The range-bound movement will continue if the 21-day SMA support holds. If the 21-day SMA support is breached, the altcoin will trend downward. On the 4-hour chart, the price bars are below the moving average lines, indicating a downtrend.
HYPE/USD daily chart – November 3, 2025
What is the next direction for Hyperliquid?
The HYPE price has fallen below the moving average lines on the 4-hour chart. The altcoin has dropped to a low of $41. On the downside, the current decline is expected to continue to a low of $38. If the $35 support level is breached, the bearish trend will move to a lower price range. The altcoin’s sideways trend will begin when it falls and finds support above the $32 low.
HYPE/USD 4-hour chart – November 3, 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.
Source: https://coinidol.com/hyperliquid-loses-crucial-support/