Saad Ullah
The altcoin bloodbath continues, and HYPE isn't getting a free pass. After a solid rally earlier in 2025, Hyperliquid's token is now sliding into territory where buyers need to show up - or else. The weekly chart is painting a pretty clear picture of what's at stake, and honestly, it's make-or-break time for anyone holding this token.
The Technical Reality
Trader Hyper_Up laid out their plan pretty clearly - buying around $40.10 and targeting $48.93 for the exit. Smart money follows structure, and right now the structure is crystal clear.
HYPE is sitting on a knife's edge right now. The token already touched $40.40 this week and got a bounce, which is encouraging but not exactly a victory lap. If that doesn't hold, the next stop is $35.47 - a level that's lined up with previous consolidation areas where buyers have stepped in before. But here's the thing: if both of those fail, we're looking at $30.25, which is basically the last line of defense before this whole thing turns ugly.
On the flip side, $48.93 is where the sellers have been hanging out. It's that daily resistance zone where profit-taking kicks in and shorts get aggressive. Breaking back above there would actually mean something, but right now it feels pretty far away.
Why This Actually Matters
The broader crypto market has been stuck in neutral since the summer highs. Bitcoin and Ethereum are just chopping around while most altcoins are getting hammered. In this kind of environment, clean technical setups like what we're seeing with HYPE get a lot more attention from traders looking for clear risk-reward plays.
Plus, Hyperliquid isn't just some random DeFi token - it's actually got utility as a derivatives platform. That underlying demand could help stabilize things if we do test these lower support levels.
Key Levels to Watch:
- $40.40 - First line of defense, already being tested
- $35.47 - The make-or-break support from previous consolidation
- $30.25 - Final monthly demand zone before broader downtrend
- $48.93 - Daily resistance and profit-taking zone on any bounce
The bullish case is pretty straightforward: hold $40.40 and push back above $48.93 to signal the bleeding has stopped. The bearish case? Break $35.47 and we're probably headed to $30.25 pretty fast. Lose that level and it's game over for the bulls.
HYPE's chart is giving us a textbook technical setup, but the next few days will tell us everything we need to know about where this token is heading. The demand zones at $35.47 and $30.25 are do-or-die levels, while any move back above $48.93 would actually change the game. Until then, it's all about whether the buyers show up when it matters.
Saad Ullah
