What to know:
- Hyperliquid (HYPE) faces bearish pressure after rejection near the $64 resistance level and a channel breakdown.
- Analysts warn HYPE could fall toward $54 and $46 if resistance retest confirms downside momentum.
- Talos integrated Hyperliquid, giving institutions easier access to on-chain liquidity and perpetual futures trading.
Hyperliquid (HYPE) faced rejection after a strong rally, breaking below its rising channel and signaling weakening bullish momentum with a possible retest of broken support as resistance. While earlier indicators showed strong buying pressure for the HYPE price that is now cooling, institutional integration via Talos expands access across markets.
At the time of writing, HYPE is trading at $60.01 with a 24-hour trading volume of $992.61 million and a market capitalization of $15.22 billion. Despite the 6.55% decline over the last 24 hours, the HYPE’s strong technicals and growing network adoption point to a bullish breakout.
Source: CoinMarketCap
HYPE Price Rejection at $64 Points to Downside risk
According to the crypto analyst, Crypto Patel, the HYPE price has broken below its rising channel after rejection near $64.84, signaling weakening bullish momentum.
The structure that supported price for days has failed, and the market is now attempting a retest of the broken trendline, which often acts as resistance for the HYPE price. Key selling interest is expected around $61.50–$63 for potential continuation lower.
Source: Crypto Patel’s X Post
In case the reversal is proven to be true, the bearish price objectives move closer to the $54 mark, followed by $46.93 that matches with the 0.618 Fibonacci retracement level, with the possibility of seeing further declines down to $41.38. A violation of the higher time frame closure above $65 would imply invalidation and restructure the formation.
Also Read: Hyperliquid Canonical Prediction Hits Strong $11K After HIP-4 Launch
Widening Bollinger Bands Point to Bullish Reversal
According to TradingView, the HYPE price is displaying strong momentum in a bullish direction with its origin traced back to early May.
Coming out of its previous consolidation pattern, the HYPE price rose to an all-time high of 63.29500 and then consolidated around 60.77200. The sharp rise made the candles reach towards the upper Bollinger Band.
Source: TradingView
On the positive side of things, the MACD indicator has added weight to the bullish sentiment. The blue MACD line has surged well above the orange signal line, with a considerable distance from the zero level.
Although the green histograms confirm a strong buy pressure, their slight decline is due to a marginal drop in price seen in the last daily candlestick formation.
Hyperliquid Perps Now Available on Talos Platform
The data from Talos further highlighted that by partnering with Hyperliquid, Talos has been able to offer some of its institutional clients the ability to access on-chain liquidity through a unified workflow that allows for trading within centralized exchanges as well.
This partnership will be a great help in reducing operational inefficiencies in having a common environment where trades can be made, thus eliminating the need for additional systems.
Source: Talos’ X Post
With this upgrade, users can trade spot tokens and perpetuals, including the HIP-3 contracts deployed by builders, right through the Talos platform itself.
According to Daniel Packham at Talos, the availability of Hyperliquid addresses one of the major hurdles faced by institutions who wish to gain exposure to digital assets via an on-chain solution without having to manage their own connectivity infrastructure.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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