Hyperfluid price entered a downtrend? Technical Analysis Revealed

Another difficult week has hit the crypto markets. Hyperfluid price has formed a new low, and this begs the question: “How much more?”. Are investors still fearful and confident? What does liquidity tell us about the current state of the market? Lots and lots of questions to ask. One place to look for answers is the maps.

After all, @HyperliquidX still firmly holds the crown as the undisputed #1 perpetuals DEX.

At the end of November 2025, it achieved $8 billion in daily perp volume and over $6.5 billion in open interest, surpassing most competitors in raw liquidity and user adoption. pic.twitter.com/kGb4P2blfJ

— Hyperliquid Daily (@HYPERDailyTK) November 25, 2025

As fundamentals remain strong, as well as usage,

bring in a lot of daily income. With Hyperliquid Strategies behind it and the drive to raise $1B for HYPE token purchases, this seems to be enough bullish data for investors. So why is price falling?

Hyperliquid price rolling downhill: trend and key levels

(Source – Tradingview, HYPEUSD)

With today’s HYPE USD analysis, we first look at the 1W chart. This shows us two Weekly FVGs, one of which is now being tested and filled. This is our first support zone – between $28-$30. The lower FVG is roughly between $21-$23, and this could be an important level for the future. No moving averages here to observe, but RSI has been falling steadily and is currently around the mid-range.

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(Source – Tradingview, HYPEUSD)

Next up is the 1D chart. As we zoom in, we can see when the downtrend started. First price broke below the low, triggering an MSB. After that, the Lower High was formed as the price rejected the bearish order block. A further move down sent us below all moving averages – yuck! And now the question is, will we see a typical move up to retest the bottom of the MAs and the next bearish order block to form another Lower High? RSI is at the bottom of its range here.

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HYPE USD Low Time Frame Analysis And Closing Thoughts

(Source – Tradingview, HYPEUSD)

Finally we enter the low time frames, and in our case we will stare at the 4H chart, hoping to gain some extra insight. Or potential trade ideas. Our key levels here are visible, and this gives us a possible range. The previous low in yellow is also a potential resistance, but it can be broken for the purpose of testing the bearish order block. Nevertheless, a long entry here, with a stop below the Lower Low and Take Profit in the purple zone, is a 1:3 RR trade. RSI is low, allowing for a potential upside.

For us to re-enter a bullish trend, there is a lot of work for bulls to do. To put it in numbers, we need to break above $45 and reclaim it as support. Until then we enjoy the roller coaster ride down. Stay safe out there!

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