Forecasted Prices for Hyperliquid (HYPE) This Week

Hyperliquid (HYPE) has witnessed a downturn with the market turning around after it failed to maintain its price above $40, which has now become a key resistance. Sellers are targeting the $37 mark, and if that fails, the cryptocurrency could find support just over $32. After a period of absence, bearish trends have resurfaced, causing HYPE to close in red over the past few days, scattering buyers and making the digital currency search for support, potentially around $37.

Additionally, a major bearish cross on the 3-day MACD indicates that HYPE could be entering a significant correction period that could last several weeks, allowing sellers to dominate. The price could potentially drop to the low $30s if buyer activity remains low.