As of December 29, 2025, Hyperliquid (HYPE) continues to be a high-interest asset in the decentralized derivatives space. Today, the token has shown moderate volatility, navigating a range between a maximum high of $26.43 and a minimum low of $24.71. This price action reflects a slight cooling period following the recent 7-day rally where the coin gained over 5% in value.
Market Sentiment and Trading Signal
The technical outlook for HYPE remains Cautiously Bullish but sits at a critical crossroads. While the broader market sentiment is leaning toward "Fear" (with an index score near 24), HYPE is showing individual strength due to its protocol-specific catalysts, such as the massive $1 billion token burn approved by validators.
Bullish Signal: Short-term traders are keeping an eye on the $27.78 Fibonacci resistance level. A clean break above this could trigger a move toward the 30-day SMA at $28.75.
Bearish Risk: On the downside, the $24.00 support is the "line in the sand." If the price fails to hold this level, we could see a slide toward the next liquidity cluster at $21.05.
Strategy: For swing traders, the current setup suggests a "Buy on Dips" strategy near the $24.80–$25.00 zone, with a tight stop-loss below $23.80.
The upcoming launch of competitor tokens today may introduce temporary noise, so monitoring 24-hour trading volume—currently around $7.12M—will be essential to confirm if this consolidation is a launchpad or a distribution phase.
