Hyperliquid (HYPE) Drops 6% to $45, But Analysts Say a $55–$60 Rebound May Be Next

Hyperliquid (HYPE) extended its pullback for a fifth straight session on Tuesday, sliding about 6% intraday to the $45–$46 zone after a sharp rejection at a reclaimed ￰0￱ Reading: Here’s The Best Time To Buy Bitcoin As Impulse Wave Sets Path To $150,000 While near-term momentum has flipped bearish, several on-chain and market-structure cues still point to a potential rebound toward $55–$60 if buyers can quickly stabilize the price above key ￰1￱ Tilt Bearish, but Spot Holds the Line Futures positioning has swung defensively, and according to Coinglass, the long-to-short ratio slipped to 0.80, its lowest in over a month, signaling traders are leaning short into ￰2￱ indicators echo the caution, daily RSI near 45 sits below the neutral 50 line, and MACD registered a bearish cross, both consistent with cooling trend strength.

Technically, HYPE failed a back-test of a broken ascending trendline and bled nearly 7% from Friday to Monday, with charts flagging $39–$40 as the next major support if selling ￰3￱ the upside, $51–$52 is first resistance, where bulls likely meet clustered supply from recent breakdown ￰4￱ Hyperliquid (HYPE) Bulls Still See $55–$60 on the Table Despite the red prints, spot activity remains ￰5￱ has been defending the mid-$40s repeatedly, and prior consolidations above $45–$47 have preceded strong continuation moves. HYPE's price trends to the downside on the daily chart.) plus systematic buybacks are reducing circulating supply, creating a supportive backdrop when demand returns.

Meanwhile, protocol fee revenue around $3million/day underscores durable usage even as new perp-DEX competitors court volume with ￰6￱ and analyst “fair-value” chatter continues to cluster around $55–$60, suggesting sentiment will likely flip quickly if price reclaims the short-term breakdown ￰7￱ Levels and Trade Map for the Week The immediate trading point sits in $44–$49. A daily close back above $49 would neutralize the breakdown and open $52, then $55–$60 as momentum ￰8￱ to hold $46–$47 invites a retest of $44, with a deeper flush risking the $39–$40 demand zone where dip-buyers may step ￰9￱ internals to watch: if funding stays orderly, liquidations remain contained, and spot-led buying outpaces leveraged shorts, the probability of a V-shaped recovery ￰10￱ Reading: Is A $10,000 Ethereum Price Within Reach?

Here’s What Experts Are Forecasting Next Macro context matters too. Perp-DEX market share is expanding industry-wide, and while rivals (e. g., Aster) have temporarily siphoned volumes, Hyperliquid still commands strong open interest and fee traction, key indicators of stickier ￰11￱ image from ChatGPT, HYPEUSD chart from Tradingview