Analyst Says $31.50 Is the Key Level as HYPE Trades Above Major Support
HYPE’s drop below $39.50 confirms the bearish trend; $34.50 and $31.00 now act as key support zones.RSI at 37.59 and MACD below zero suggest weak momentum, though histogram hints at possible slowdown in selling.Bulls must reclaim $39.50 with strong volume to regain control; failure risks further drop toward the $30 range.
Hyperliquid (HYPE) has entered a key point following a decisive break below a long standing support zone around $39.50. According to analyst Ali, the asset now faces increasing downside risk unless it swiftly reclaims key resistance levels.