Hyperliquid (HYPE/USDT) Faces Correction After Strong Rally
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The market for Hyperliquid against Tether has fallen 9.55% in the last 24 hours, extending its weekly decline to 21.7%. However, the key factors exacerbating this fall remain the market-wide sell-off in the Bitcoin market and the 7.7% open interest fall, which causes traders to shut down positions amid decline and overhang concerns due to the 237.8 million HYPE vesting that is scheduled for November 29.
At the moment, it appears the pair is undergoing correction after hitting a strong resistance as the price tends towards $32 with falling bullish strength after a failed attempt at $49 in the previous session.
Currently, HyperLiquid trades at $38.166 with more than 218 thousand volumes on the daily timeframe.
Technical Indicators
Major Resistance Levels: $40.789, $47.089, and $50.000
Major Support Levels: $36.702, $35.000, and $32.000
Technical Analysis
On the daily timeframe, Hyperliquid against Tether appears to be on strong bearish momentum as the price cut through the dynamic 20-period moving average for the lower Bollinger band. The MACD, on the other hand, shows that the pair is on a bearish divergence, indicating the pair’s value might continue to weaken in the short term.
To this end, the price needs to reclaim the $40 level for a confirmed reversal, but as it seems, the price is heading strong to the $32 level before a decisive move to the top.
Hyperliquid Eyes $50 Price Target After Major OKX Exchange Debut
📉 Hyperliquid gets listed on OKX as HYPE trades at $41.23 with a slight 2% dip.
🚀 TVL climbs to $4.899B as traders eye a possible move toward the $50 zone.
Read More:https://t.co/exi6njUe5Z#Hyperliquid #OKX… pic.twitter.com/7tUIzcfW85
— Live BTC News (@LiveBTCNews) November 4, 2025
Meanwhile, @LiveBTCnews has suggested Hyperliquid may be eyeing the $50 price zone, highlighting the coin’s recent OKX platform debut. At the time of posting on X (formerly Twitter), the token was trading at $41.23 with a slight 2% dip. However, it appears that the pair is facing problems moving up from there.
HYPE/USDT Analysis: Bears Seek More Gains
On the shorter timeframe, HYPE/USDT appears to be significantly below the lower band, suggesting increasing bearish domination as the price extends to the south. The MACD points to increasing bearish presence as buying volume decreases.
To this end, it seems to be correcting still at the moment. Now, the $32 appears to be the next strong support from here as the pair continues the journey to the south.
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