HYPE stock has dropped by 6% to $46, with outflows of $3.3 million. The price tested the demand range between $43 and $45, where pessimistic investors hold $60 million, while smart money resists selling.
HYPERLIQUID (HYPE) stock has retreated to $46, down 6% in the last twenty-four hours. The weekly performance remains slightly positive, recording a 2% increase. Trading volume continues to be strong, surpassing $647 million during the same period.
Meanwhile, this recent decline follows a period of upward movement, raising questions about whether the current price move represents a short-term correction or the beginning of a deeper decline.
The price is retreating to the key area
HYPE stock is currently near the top of a demand zone known between $43 and $45. This area has provided support several times in the past. The price recently lost its 50-day exponential moving average, which is now $47, confirming the downward pressure.
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A recovery from this range could lead to a retest of the $51 level. If this resistance is surpassed, it becomes possible to continue rising towards $60. However, if buyers fail to defend this area, the next level of interest is lower at $36. A breach of this level indicates a complete shift in trend.