Hyperliquid (HYPE) Price Prediction: HYPE Hovers Near $30 as Market Awaits Confirmation of Trend Direction
The post Hyperliquid (HYPE) Price Prediction: HYPE Hovers Near $30 as Market Awaits Confirmation of Trend Direction appeared on BitcoinEthereumNews.com.
Hyperliquid (HYPE) is sitting right on its crucial $29–$30 support zone, with participants watching closely to see whether this level sparks a recovery towards $40 or triggers a deeper breakdown. HYPE is attempting to stabilize after a week of heavy volatility, with price holding just above the $30 mark, an area that has repeatedly acted as a short-term equilibrium throughout November and early December. Despite broader market uncertainty, HYPE has shown resilience near this zone, recovering modestly after dipping towards intraday lows seen over the weekend. Brave New Coin data show HYPE trading around $30.91, marking a quiet 24-hour session. This cooling period has placed HYPE into a consolidating structure as market watchers assess whether momentum is shifting towards a continuation breakdown or a potential recovery back into the $40 range. Rounding Top Pressure and Sub-$30 Risk Remain in Focus Technical sentiment turned cautious after Ali Martinez identified a developing rounding-top formation on HYPE’s daily chart. His analysis notes that price has been gradually curving downward since the October peak, with the structure now approaching its support near $29–$30. If this neckline fails, Ali projects a potential measured-move target near $16, emphasizing the need for bulls to defend current levels to avoid a deeper retracement. HYPE is now testing its rounding-top neckline, putting the $29–$30 support in the spotlight as bulls fight to prevent a deeper slide. Source: Ali Martinez via X Adding to this perspective, analyst Viktor pointed out that HYPE “looks like it badly wants sub-$30,” referencing repeated failures at the $34–$36 resistance band and thin bids appearing below the $30 handle on lower-timeframe order books. HYPE continues to show weakness as thin bids emerge below $30 and repeated rejections stack up near $34–$36. Source: Viktor via X Together, these views reinforce the idea that downward pressure is…
