HYPE Latest Price and Market Overview: Key Support Test, Strategies Under Long-Short Tug of War
As of recent, the price of Hyperliquid (token: HYPE) has roughly maintained in the range of approximately $27–29, and is currently in a high-level fluctuation and consolidation state in the short term, without breaking out into a unilateral trend. In the past week, HYPE has seen a smaller decline relative to the overall market, demonstrating a certain degree of resilience and capital support, but the bullish momentum is clearly weaker than during the main upward wave phase in October-November. From the perspective of the market structure, the current market is repeatedly playing around the key support level: approximately $26–27 is the core support zone in the short-term technical view. Once it effectively breaks down and increases in volume, it may trigger a chain reaction of long position stop-losses, and the price has the opportunity to quickly drop to lower ranges; if the bulls continue to actively support in this area and rebound with increased volume, this area is expected to be confirmed as a mid-term 'hand-over support zone', laying the foundation for the next round of upward attacks.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.