Hyperliquid (HYPE) Plunges Below $25: Technical Analysis Suggests More Downside Ahead

• HYPEUSDT has dropped ~53% from the short entry, with the current price near $24.47, showing strong bearish momentum.
• The weekly chart shows a breakdown below major support levels and a shift from mid-year uptrend to sustained correction.
• Analysts suggest potential accumulation in the $20–$15 range, but further downside remains possible.

Hyperliquid (HYPE) has entered a pronounced bearish phase following its strong performance earlier in the year. According to trading data from Bybit, the token peaked between $60 and $70 during mid-2025 but has since fallen sharply, breaking below its rising trendline and signaling a loss of long-term bullish structure.

Source: Tradingview

The most recent weekly candle closed at approximately $24.47, marking a nearly 15% drop for the week and highlighting growing selling pressure.

Also Read: Hyperliquid (HYPE) Whales Accumulation Signals a Strong Breakout Toward $50

HYPE Breaks Key Fibonacci Support Levels

From the technical analysis, HYPE has violated significant Fibonacci support levels at both 0.382 and 0.5, which acted as levels that prevented the price from reversing. It is currently above the level at 0.236, which is considered the last level before a full retracement.

Source: Tradingview

A close below this level could push HYPE into the low $20s or even nullify its recent gains. Looking on the positive side, it is difficult for the price to move upwards due to resistance at levels of $35-$45, so a pullback could just be a correction, but not a full recovery.

Momentum indicators also validate the bearish analysis. The RSI is about 37, indicating a weak momentum and a lack of any form of rebound. MACD is negative, with both lines below zero and increasing, indicating acceleration and not slowing down.

Source: Tradingview

The BBTrend values about 40.56, indicating an increasing degree of volatility during the downturn, which is associated with distribution and not consolidation.

Hyperliquid Short Strategy Delivers 265% Gain

Analyst Crypto Patel discussed on X about a shorting trade on HYPE. It dropped in price from $50 to $22 using 5x leverage and gained 265% profit.

Patel further explained that the current situation was the right time to accumulate positions in a slow process for long-term benefits and not to buy positions in large volumes. However, if it drops further to the range of $20-$15, one can purchase through dollar-cost averaging.

Source: X

However, further losses could also occur, according to him, since “the market might move to lower levels before stabilizing. Patel’s plan involves ensuring that gains from shorting are well-balanced while preparing for potential gains in the future.

To put it bluntly, traders with short sale gains can invest again, provided that the price is within the accumulation range.

Also Read: Hyperliquid Sells Off Sharply, Technical Bounce Could Hit $33