Hyperliquid (HYPE/USDT) Sees Continued Bearish Momentum: What’s Next?
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Over the last 24 hours, Hyperliquid against Tether has experienced a 5.06% decline, a bigger fall compared to the broader crypto 2.2% decline. At the moment, this fall adds to the 30-day 23.6% fall in value. As it stands, analysts are of the opinion that ex-employee actions seem to be unethical.
From the technical side, the pair also appears to have broken below the key support level at $24.97 amid weak market momentum.
To this end, a broader market risk-off sentiment, fueled by a “Fear” reading of 29 on the CMC Fear & Greed Index, pressured altcoins, further contributing to HYPE’s underperformance.
Currently, Hyperliquid trades at $24.307 with more than 167,000 volume at the time of writing.
Technical Indicators
Major Resistance Levels: $25.00, $28.00, and $33.19
Major Support Levels: $24.00, $22.00, and $20.59
Technical Analysis
Technically, Hyperliquid against Tether on the daily chart appears to be breaking further downward, extending the move below the cluster of the Simple Moving Averages (SMAs). As it stands, the price has gone further lower than the opening price, even after hitting above $25 in recent times.
From another angle, the Stochastic RSI shows the pair seems to be gearing up for a move to the north. Meanwhile, the bullish participation is far from being enough to drive such action, as the lines stretch sideways, suggesting consolidation of price in the near future, provided a breakout above or below $25 or $24 fails to happen.
$HYPE A new leg down is unfolding after RSI bounced from oversold back to the 50 area. The rally stalled at the weekly average price, where strong seller aggression is clearly visible. HyperLiquid has been one of the weakest-performing tokens over the past few weeks. pic.twitter.com/kWtdVgivNa
— Enri.hl (@0xWhale) December 23, 2025
As it stands, @0xWhale shared his opinion on the ongoing decline of Hyperliquid, noting that after the RSI bounced back from oversold conditions to the 50 level, a new downtrend appears to be forming. As it stands, the analyst is of the opinion that the rally has stalled at the weekly average price, where significant seller activity is evident, as the token remains underperforming.
HYPE/USDT Analysis: Is a Rebound Possible from Here?
On the smaller timeframe, HYPE/USDT appears to be aiming towards building a base above the 20-SMA after several attempts. However, despite the bullish efforts, the 50, 100, and 200 SMAs signal the bears are dominating even as the Stochastic RSI extends into the oversold region.
To this end, based on the line behavior of the momentum oscillator, failure to hold above $24.584 in the coming session may drive the price into the $20.00 zone.
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