Hyperliquid (HYPE) Price Prediction: $32 Support Zone in Focus Amid Market Cooling

BTCC / BTCC Square / Global Cryptocurrency /

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2025-08-06 12:54:02

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Hyperliquid (HYPE) has retreated below the $40 mark, reigniting speculation about a potential test of the $32 support level. The pullback aligns with broader crypto market weakness, as traditional indices like the SPX also show fading momentum. Analysts note a pattern of lower highs compressing price action, increasing the likelihood of a flush toward key bids near $32.

Order book data reveals concentrated liquidity at lower levels, suggesting institutional interest may emerge if the correction deepens. The $32 zone now serves as a litmus test for HYPE's near-term trajectory—holding could set the stage for a rebound, while failure may trigger extended downside.

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