Hyperliquid (HYPE) Rejected at $26, Holds $22 — Near‑Term Rangebound Outlook
Hyperliquid (HYPE) failed to sustain an upswing after rejection around $26 — a level aligned with the 21‑day simple moving average (SMA). Since Dec. 22 the token has held key support at $22 and is trading near $25–26. Technicals are mixed-to-weak: on the daily chart HYPE sits between the 21‑day and 50‑day SMAs with both slopes turning down, pointing to rangebound downside risk; on the 4‑hour chart short-term momentum shows strength above the 21‑period SMA but remains below the 50‑period SMA. A decisive break above the 21‑day SMA / $26 would open targets near $30–31 and the 50‑day SMA; failure to overcome $26 risks a return to the $22 support and possible extension toward the $20.5 Fibonacci extension noted by analysts. The article also cites wider, inconsistent bands of support/resistance (supports $30/$40 and resistances $60/$70) that conflict with the nearer $22–$31 range and appear less relevant to current price action. This is an opinion-based technical read, not financial advice. Primary SEO keywords: Hyperliquid, HYPE price, 21‑day SMA, support $22, resistance $26.
Neutral
The combined reports point to a rangebound short-term outlook rather than a clear directional breakout. Rejection at $26 — near the 21‑day SMA — and the fact price sits between declining 21‑ and 50‑day SMAs weigh against a bullish classification. However, short‑term 4‑hour momentum above the 21‑period SMA means buyers retain a defined trigger (a sustained break above $26/21‑day SMA) that could push HYPE toward $30–31 and the 50‑day SMA. Conversely, failing to clear $26 increases the probability of re-tests of $22 and possible extension toward $20.5. For traders, this suggests a neutral-to-cautious stance: range strategies (buy dips near $22, sell/trim into strength near $26–31) and tight stops are appropriate until a clear breakout or breakdown confirms direction.