Meanwhile, the altcoin is steadily declining towards its present support. Hyperliquid price analysis by Coinidol.com.
Hyperliquid price long-term analysis: bearish
The Hyperliquid (HYPE) price has been trading above the $35 support level since the price drop on October 10. The 21-day SMA resisted the altcoin’s upward correction on October 14, pushing it down to the current support level of $35. If the bears break below the $35 support, the cryptocurrency is expected to fall to the 2.0 Fibonacci extension level, or $21.54. If the current support holds, the altcoin will likely trade in a range below the moving average lines. HYPE price is currently at $34.45.
Hyperliquid price indicators analysis
On both charts, the moving average lines continue to slope downward, indicating a persistent downtrend. The 21-day SMA is below the 50-day SMA, confirming a bearish trend. Negative sentiment is expected to persist as long as this bearish signal remains. The altcoin is also approaching the oversold region.
HYPE/USD daily chart – October 17, 2025
What is the next direction for Hyperliquid?
The rejection of the HYPE price by the moving averages has caused it to continue declining. The cryptocurrency price has broken through the critical $35 support level today, and the decline continues.
According to the price indicator, the altcoin is projected to reach a low of $21. Meanwhile, the crypto signal remains unfavourable as bears break below the current support.
HYPE/USD 4-hour chart – October 17, 2025
Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.
Source: https://coinidol.com/hyperliquid-declines-and-loses/
