ChatGPT’s HYPE Hits Critical Support at $35 as Polymarket Integration Goes Live - Make or Break Moment for Bulls

ChatGPT's HYPE token faces its ultimate test as price action slams into the $35 support level.

Polymarket Integration Unleashed

The long-awaited Polymarket integration just went live, creating a make-or-break moment for the embattled token. Market makers are watching the $35 level like hawks—this support held strong back in July, but will it withstand today's pressure?

Technical Breakdown

Chart patterns show clear consolidation around the $35-$38 range, with volume spiking as the Polymarket news broke. Resistance sits firmly at $42, a level that's rejected three separate rally attempts this month alone.

Traders are placing their bets—break below $35 and we could see a swift drop to $28. Hold here, and the path clears for a run at previous highs near $50.

Because nothing says 'stable investment' like a token named HYPE testing critical support while traditional finance veterans shake their heads and mutter about the dot-com bubble.

Technical Analysis: Bearish Structure Below All EMAs

HYPE atreflects adecline from, with a volatile range between(high) and(low). Volume atHYPE confirms steady selling pressure.

RSI atapproaches oversold. Moving averages show complete bearish alignment:at(),at(),at(). Dense EMA cluster creates formidable resistance.

The MACD is deeply negative atwith a signal line atand a histogram at. ATR atsignals massive volatility. Downfrom the October peak at.

Market Context: Polymarket Integration Meets CEX Controversy

Polymarket launched direct HYPE deposits on October, connecting prediction markets with Hyperliquid’s perpetual futures.

Integration eliminates bridges as Hyperliquid surpassestrading volume, serving+ traders.

JUST IN: Hyperliquid deposits & withdrawals are now live on Polymarket. pic.twitter.com/NqenzCX0tT

Additionally, the community notes that “Hyperliquid performed flawlessly withfees” despite coordinated liquidation attempts following founder Jeff’s comment on CEX’s lack of transparency.

Among new developments, the HIP-3 upgrade introduces permissionless market creation requiringper operator.

With this, Arete Capital projects buybacks removingdaily, shrinking float to, withmodel targetingrevenue andprice at 15-20x P/E.

The market seems to be in DEX season. While speaking with Cryptonews, Eva Oberholzer, CIO at Ajna Capital, notes, “perpetual futures offer a timely use case for DEXs to onboard the next wave of DeFi users.”

At the same time, Andreas Brekken, founder of SideShift.ai, also emphasizes that “is changing the game not because it’s decentralized but because it brings a whole new level of transparency.“

Market Fundamentals: Revenue Leadership Despite Correction

HYPE maintainsmarket cap () withfully diluted valuation. Volume declinedto, producingvolume-to-market cap ratio.

TVL reaches. Circulating supply ofHYPE againstmaximum indicatescirculation. Buybacks remove–HYPE daily.

Hyperliquid generated more fees than every other chain combined, with BNB in second place and ethereum in third.

Historical trajectory:(January) through(September) before the October correction. The currentis a sharp decline from thepeak.

Social Sentiment: Infrastructure Optimism Amid Price Weakness

LunarCrush data reveals AltRank at() during infrastructure developments.

Galaxy Score of() reflects stabilizing sentiment. Engagement metrics showtotal engagements () andmentions ().

Social dominance of() indicates growing discussion, while sentiment registerspositive ().

Analysts have identified the “–zone” as key resistance.

$HYPE: The price is now testing resistance in the $39.72 – 47.38 zone. The sell-off that was expected happened within one hour last Friday. It was not expected so fast, but completed potentially the yellow (c) wave. pic.twitter.com/SH1x0X3ifR

Arete Capital projects “at, HYPE trades belowforward earnings” with “–P/E implies–range,” supporting long-term thesis despite correction.

ChatGPT’s HYPE Analysis: Key Support Test Amid DEX Infrastructure Expansion

ChatGPT’s HYPE analysis reveals HYPE at key breakdown testingsupport following failure at.

Immediate support at, followed by major support at–range. Breaking these levels indicates a deeper correction toward–structural support.

Resistance remains formidable with–immediate barrier, followed by a dense EMA cluster at–. Recovery requires decisive reclaim aboveto invalidate bearish structure.

Three-Month HYPE Price Forecast: Infrastructure Growth and Technical Scenarios

Protocol Expansion Success (45% Probability)

Hold abovecombined with HIP-adoption could drive recovery toward–, representing–upside.

Requires reclaim ofEMA cluster and continued fee generation leadership.

Extended Consolidation (35% Probability)

Breakdown belowcould result in–consolidation, allowing infrastructure development while testing structural support before catalyst-driven recovery.

Deeper Correction (20% Probability)

Failure atcould trigger selling toward–, representing–downside.

Recovery depends on protocol adoption metrics and major support hold.

ChatGPT’s HYPE Analysis: DEX Leadership Tests Technical Foundation

ChatGPT’s HYPE analysis reveals HYPE at key support between protocol expansion and technical breakdown.

Immediate trajectory requires hold aboveto prevent breakdown toward–.

From there,scaling and fee generation could push recovery toward, with Polymarket expansion driving toward+ mid-October resistance reclaim.

However, failure atsignals extended correction toward–, creating final accumulation before protocol maturation drives HYPE toward Arete Capital’s–targets on–P/E re-rating.