Hyperliquid (HYPE) Exhibits Mixed Signals Amid Market Volatility
Hyperliquid's price struggles below $37.00 after retreating from its all-time high of $45.71, now hovering around $34.15. The MACD indicates a buy signal, yet the downtrending RSI suggests potential further declines below $30.00. Despite a 32% drop from peak levels, futures open interest remains stable at $1.74 billion, underscoring resilient market participation.
Geopolitical tensions in the Middle East have amplified risk-off sentiment, with traders eyeing stablecoins for capital preservation. "Crypto remains vulnerable to global instability," notes Andrejs Balans of YouHodler. Derivatives activity defies the price slump, with OI holding steady even as long liquidations spike—a testament to Hyperliquid's robust market depth.