Hyperliquid Stalls at $46 as Whales Make Moves—Here’s What Comes Next
Hyperliquid's momentum hits a wall at $46—just as whale activity spikes. The question on every trader's mind: breakout or breakdown?
Whale Watching Heats Up
Big players aren't sitting idle. Their moves around the $46 mark signal either accumulation or distribution—nobody's placing bets just yet.
Technical Standoff
Resistance at $46 refuses to budge. Each test lacks the volume needed for a clear breakout, keeping the market in limbo.
What’s Next for Hyperliquid?
A clean break above $46 could trigger a rush toward higher targets. Fail, and we're looking at a retreat to lower supports. Traders hate uncertainty almost as much as regulators love creating it.
Timing is everything—and right now, the clock's ticking.
Hyperliquid is showing signs of consolidation after an impressive 60-day rally of more than 23%. Currently trading across exchanges at $45.54, the token has shed 0.68% since yesterday, but still remains up 7.92% for the week. Following this, its valuation stands at $15.2 billion, while the intraday trading volume shot up 43.77% to $375.75 million.
It is worth noting that the token recently faced stiff rejection NEAR the $49.52 swing high, just shy of its ATH at $49.86 recorded last month. That being said, marketers appear to be taking profits as macro uncertainty and mixed whale behavior cloud the near-term outlook.
Reasons Behind the Recent Dip
- Fed rate uncertainty: The 87.3% probability of a September rate cut is fueling cautious positioning.
- Mixed whale activity: Large addresses remain divided, with aggressive spot accumulation clashing against leveraged short positions.
- Liquidation clusters: The $42–$44 range is packed with leveraged positions.
Hyperliquid Price Analysis
HYPE’s price action shows a crucial battle between bulls and bears. The 38.2% Fibonacci retracement level at $44.21 now acts as an important support zone. A sustained close below $42.57 could drag the price down to $35.42 if liquidations intensify.
The Bollinger Bands on the 4-hour chart indicate shrinking volatility, while the RSI at 54.7 signals neutral momentum. This suggests the market could swing in either direction depending on whether buyers can defend the mid-$40 region.
On the upside, bulls need to reclaim $46.36 and push past $49.52 to retest the ATH at $49.86. A breakout above that level could extend the rally toward the $56.7 resistance zone.
FAQs
What is HYPE price today?HYPE price today is consolidating around $45 after a strong 60-day rally.
Where could Hyperliquid price head next?Key support sits at $44.21 and $42.57, while resistance is at $46.36 and $49.52.
Why did Hyperliquid’s price drop?Caution around Fed rate policy, profit-taking by traders, and mixed whale activity pressured prices.
