According to the external analysis, Hyperliquid token HYPE was lagging behind at a high point in the preceding period and was still operating at a critical support level. Although the price was temporarily below $75, the unsettled contract was re-encumbered, indicating that market funds had not been significantly withdrawn and that the short-line direction remained dependent on the effective breakthrough of the resistance belt.

63 to 64 dollars is still short-line support.

According to the article, HYPE fell by about 5 per cent in nearly 24 hours and prices returned to the vicinity of $66, with little change in the turnover. The previous ups and downs brought the market to the stage of consolidation, but the dayline structure has not been destroyed.

From region to region, $63.13 to $64.67 is considered to be the new support belt. Since March, the HYPE movement has remained high and low, meaning that the upper structure has not changed in the medium term.

There's a lot of pressure around $75.

According to the article, US$ 70 to US$ 75 is currently the most critical supply area. HYPE has repeatedly visited the area, with long shadows and repeated obstructions, suggesting that the region has a strong marketboard and that some of the funds may have been closed.

At the same time, RSI's weakness is seen as a sign of a slowdown in kinetic energy. Short-line movements may shift from sorting to a more visible fall if prices follow the existing support.

Increase in the risk of fluctuations due to the recovery of unsettled contracts

Derivative data is another focus of the article. The article states that, following HYPE ' s return, the unwinded contract had at one point cooled with the price and the excessive leverage in the market had been released. As prices have stabilized again over $63, the unsettled contract has begun to pick up again, suggesting that traders are re-establishing their positions.

Such changes usually mean that the market still has strong expectations about the way forward, but they also magnify volatility. If prices are exceeded by $75, additional leverage may drive the increase; if resistance continues, overcrowding may trigger a new round of liquidation.

  • Focus resistance above: US$ 70 to US$ 75
  • If you break 75 dollars: 80 dollars, 86 to 90 dollars.
  • If it continues: it is possible to look back at the 58-60 dollar range

Overall, the analysis concluded that the mid-term multi-head structure of the HYPE was still in place, but that the short line was in a highly volatile phase. Next, the market is more concerned about whether the trend is over, but whether the resistance belt around $75 will continue to suppress prices.