HYPE consolidates below $50 as bearish signals rise.
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Key Takeaways
HYPE’s price has entered consolidation, failing to retest its all-time high of $49.86.
Several momentum indicators all flash bearish, with the price at risk of falling to $38.16.
A breakout above $45.80 would invalidate the bearish outlook, targeting $50 to $6.
After hitting an all-time high of $49.86 on July 14, Hyperliquid (HYPE) has struggled to reclaim that level. Instead, the HYPE price action has cooled off into a consolidation phase, and currently trades at $42.49.
Although the coin flashed bullish signals earlier in the month, the current setup suggests it’s not time to break out — yet. Here’s why.
HYPE Struggles to Hold the Line
The earlier conviction that HYPE’s price would set a new all-time high spread due to the bullish pennant formation on the daily chart.
The setup followed HYPE’s explosive rally to $49.86, and initially, it looked poised for another leg up. Traders expected the consolidation to resolve with a breakout toward fresh highs.
However, that momentum has since fizzled. The breakout never materialized, and instead of pushing higher, HYPE has shifted into sideways movement, undermining the bullish pennant’s potential.
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As of this writing, Hyperliquid’s price is on the verge of breaking below the lower trendline of its previously bullish pennant.
Bears are gaining the upper hand, and price action suggests a possible drop toward key support at $35.85 if this breakdown confirms.
The Bull Bear Power (BBP) indicator reinforces the bearish case, which has flipped into negative territory. The drop in the BBP reading indicates that selling pressure is beginning to outweigh buying strength.
Besides the BBP, the Chaikin Money Flow (CMF) indicates that HYPE’s price might tumble. At press time, the CMF reading has turned downwards and is on the verge of declining below the zero signal line.
If that happens, HYPE’s price might drop below the support at $35.85.
HYPE Price Analysis: Consolidation to Worsen
On the 4-hour chart, HYPE’s price consolidates within a symmetrical triangle — a neutral pattern often preceding a decisive breakout in either direction.
This setup reflects tightening price action, as buyers and sellers battle for control within converging trendlines. With volatility compressing, a breakout or breakdown may be imminent.
Amid this price consolidation, the Awesome Oscillator (AO) has dropped to the negative region. This decline indicates rising bearish momentum.
If it fails to rise above the zero line, HYPE might drop to $38.16. In a highly bearish scenario, the altcoin’s value might hit $35.40.
However, if buying pressure increases, indicators including the BBP and CMF will rise higher. In such a scenario, HYPE might break the resistance at $45.80.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
