HYPE price declined on Tuesday, September 8, 2026, as analysts flagged resistance. Trading volume and open interest also fell. Meanwhile, Hyperliquid continued token burns as traders watched for a confirmed breakout or a deeper correction.
As of press time, Hyperliquid (HYPE) is trading at $83.65, showing a decline of 2% in the past day. The 24-hour trading volume is standing at $959.98 million, with a market capitalization of $21.07 billion. Over the last week, the HYPE price has gone up by 1.64%, according to CoinMarketCap.
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HYPE Price Faces Rejection Signals in the $84–$90 Zone
In a post on X, popular analyst Crypto Patel highlighted a daily supply zone between $84 and $90. He reported rejection signals and fading bullish momentum within this range. The analyst described the area as risky for new long positions.
Patel listed potential downside levels at $76, $68, and $60 if rejection is confirmed. He identified $60–$58 as the main demand zone. This region combined a bullish order block with an ascending trendline.
The broader structure remained constructive, according to Patel. However, his HYPE price outlook favored a correction until buyers decisively reclaimed $90. A daily candle close above that level would invalidate his corrective scenario.
Furthermore, another analyst, Team LAMBO Charts, mentioned that HYPE is currently at $84. According to the analyst, there is strong resistance between $90 and $95 because previously at this point, sellers were in action. Higher volume will confirm the breakout.
As per the analyst, any breakout above this level may result in further gains. Till then, this pattern is still another test of resistance.
According to the analyst, support is at $60, while breakout traders should keep an eye on $90, and dip buyers monitoring $60.
Where Are HYPE Liquidation Clusters After the Rebound?
According to CoinGlass, HYPE futures volume decreased by 8.53% to $2.34 billion, while open interest reduced by 2.21% to $3.36 billion. The HYPE OI-Weighted Funding Rate stands at 0.0084%.
The CoinGlass heatmap shows that the HYPE price declined from $85.5 to $81.5 and then bounced to $83.7.
Nearby overhead liquidation clusters appeared around $84.0–$84.5. Moreover, there are liquidation clusters from $85.6 to $86.1, with the most intensive one at $87.0.
An additional overhead cluster appeared at $88.6 in the heatmap. At the price level shown below, the concentrations can be seen in the area from $82.0-$82.7, with additional clusters at $80.7-$81.2.
These liquidation areas did not independently confirm the direction of the next move after the rebound.
What Do EMAs and Bollinger Bands Show About HYPE Price?
According to TradingView data, the HYPE price remained above its short-term exponential moving averages despite the daily decline. Its 20-day EMA stood at $80.212. Meanwhile, the 50-day EMA sits at $72.021, also staying under the current price.
The 100-day EMA is set at $65.431, while its 200-day EMA is at $57.021. Shorter averages remained above longer ones, maintaining a bullish alignment. The 20-day EMA is the closest of these indicators to the current price.
Bollinger Band (BB) data shows that the upper boundary is at $89.302 and the lower one at $75.141. Its middle line is set at $82.222. HYPE is trading in the upper half of the channel.
Hyperliquid Burns 15,350 HYPE as Price Declines
In a post on X, Onchain Lens reported that Hyperliquid has purchased and burned 15,350 tokens of HYPE within the past 24 hours. These purchases were valued at around $1.32 million at an average cost of $86.17.
The lifetime burned supply stood at 48.45 million HYPE, which constituted 4.84% of the max supply. The total lifetime burn is valued at around $4.11 billion.
These figures came along with the market decline, yet the presented data did not determine their influence on trading immediately.
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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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