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BTCC / BTCC Square / Global Cryptocurrency /
Hyperliquid’s HYPE Token Tests Key Support Amid Cooling Momentum

Hyperliquid’s HYPE Token Tests Key Support Amid Cooling Momentum

Author:
Global Cryptocurrency
Published:
2025-05-17 15:35:01
19
2

Hyperliquid’s HYPE token has surged to a three-month high, but technical indicators suggest bullish momentum may be faltering. The Directional Movement Index (DMI) shows an ADX reading of 21.93—down slightly from recent peaks but still above the 20 threshold that confirms a meaningful trend.

Bullish pressure measured by the +DI line has retreated from yesterday’s 30.78 to 25, while price action lingers NEAR a critical support level. Market participants await either a breakout above resistance or a deeper pullback to determine the next directional move.

|Square

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