Hyperliquid Downward Trajectory Exposed: Rebound? Or continue free fall? 🤔📉
#Hyperliquid （#hype ）has been sliding for two months, although there was a 24% technical rebound from $29.15 to $36.17 in early December, the overall trend remains bearish. More critically: the unlocking mechanism of 10 million HYPE per month is still shrouded in mystery, analyst Jason bluntly states— it will take a few months to truly see the intensity of selling pressure. Whales have entered the market, but the overall market sentiment remains cautious.
From a technical perspective, the daily structure continues to decline, with both highs and lows moving downward. The price range of $30.35–$35.36 has become a clear supply zone, and rebounds are quickly met with selling pressure. DMI and CMF are also simultaneously giving bearish signals.
In the short term (1H), there is a bit of rebound strength, but key resistance remains at $29.89 / $30.68. If pushed back, the bears are likely to continue their attack. According to Fibonacci extension, the potential target below points to $24.19.
Do bulls want to turn things around? They need to strongly push back above $36.17, but based on the current structure… it's quite difficult.
👉 The larger trend remains bearish. Watch for rejection signals around $30; short opportunities are more favorable.
