Hyperliquid (HYPE) entered a critical phase after a recent high point. Dealers are closely following their ability to stabilize above critical support levels.
HYPE currently has a transaction price of about $65, which has fallen by 7 per cent over the past seven days. This adjustment brought HYPE close to a major support area of $64 to $65, and buyers began defending the price.
The next transaction may determine the future of hype. If prices return to US$ 67 and are accompanied by strong buy-in, it may again challenge US$ 70. However, if the current level of support cannot be maintained, $61.92 will be the next key technical support.
Bitcoin ' s performance was an important external factor affecting the hype price. The market was under pressure at a time of increased geopolitical uncertainty, and whether Bitcoin would be able to maintain more than $63,000 was considered an important signal of risk assets.
Technical indicators show a combination of short-term kinetic energy, with a relative HYPE strength and weakness index (RSI) of 47.99, in a neutral region, indicating that the market is not overheated or cold.
Despite the fall in HYPE prices, the activity of the Hyperliquid ecosystem continues to grow, with total lock value (TVL) of approximately $6,013 million and a 24-hour trade of close to $296 million.
Over the next few days, the price movement of HIPE will be influenced by a combination of technological levels and market sentiment, with a critical support position of $64-65, and a rapid shift to $70 if it is maintained and returned to $67. On the other hand, $61.92 is an important technical support, and a continued drop in that level could trigger deeper feedback.