Published: Dec 01, 2025 at 12:58
The price of Hyperliquid (HYPE) fell to a low of $29 but was rejected again at the 21-day SMA barrier after an attempted upward correction.
This bullish scenario is invalidated as HYPE turns down from the 21-day SMA barrier.
Hyperliquid price long-term analysis: bearish
HYPE is declining, nearing its previous low of $29. On the downside, if the bears breach the $29 support level, the decline will continue. HYPE will fall to the $20.49 low or the 2.0 Fibonacci extension level. In the meantime, the altcoin is falling as it approaches its previous low. The current price of the altcoin is $33.16.
Technical Indicators:
Hyperliquid price indicator analysis
The 21-day SMA barrier has pushed the HYPE price lower. The price bars are below the 21-day and 50-day moving average lines. Following the current decline, the price bars on the 4-hour chart have dropped below the moving average lines. The altcoin will continue to fall as long as it remains in the bearish trend zone.
What is the next direction for Hyperliquid?
HYPE has been moving within a range, above the $29 support but below the $37 high. The upward movement has been halted at the $37 high. Bears are currently pushing the altcoin towards the lower price range. The crypto signal is unfavourable, as sellers continue to drive the price down.
Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.
Source: https://coinidol.com/hyperliquid-revisits-its-previous-low-of-29/
