HYPE Price Forecast: Breaking $40, Targets $37 and $32
Hyperliquid (HYPE) price action has turned bearish after failing to hold the $40 support. Sellers pushed HYPE below this critical level, which now serves as resistance. The next HYPE price support zones are at $37 and $32. A three-day MACD bearish cross confirms mounting selling pressure, suggesting a deeper correction in the near term. Traders should monitor these key levels: sustaining above $40 may stabilize HYPE, while a breach of $37 risks a slide into the low $30s.
Bearish
Hyperliquid’s break below the $40 support and subsequent MACD bearish cross signal intensified selling momentum. Similar past episodes—such as HYPE’s June sell-off—saw sustained downward moves once key supports failed. In the short term, traders may face increased volatility as bears test the $37 and $32 zones. If those levels give way, we could see a deeper correction toward the low $30s. In the longer term, regaining $40 and overcoming the MACD trend would be crucial for any recovery rally, meaning current signals skew bearish until technicals improve.