Hyperliquid's HYPE token has dropped over 2% on Monday, currently trading around $65, influenced by a broader market risk-off sentiment and ongoing geopolitical tensions.
Market Overview
The price decline follows a notable increase in institutional demand, with HYPE ETFs attracting $10.36 million in inflows last week. This marks the ninth consecutive week of significant institutional interest in HYPE products, despite the current price dip.
As of now, Open Interest has decreased by over 2% in the last 24 hours, settling at $2.72 billion, while total liquidations reached $2.93 million, with long positions accounting for $2.48 million. The funding rate has also seen a sharp decline, now at 0.0275%, indicating a shift towards more traders taking short positions.
Technical Analysis
HYPE is currently testing a crucial support trendline around $68.50. The 50-day Exponential Moving Average (EMA) is positioned at $63.13, which serves as an immediate support level. A breach below this point could lead to a further decline toward the 50% retracement level of $53.71.
Analyst Michaël van de Poppe has expressed a bullish outlook, suggesting that HYPE could reach a target of $100, citing consistent revenue growth and the token's ability to remain above critical moving averages as supporting factors.
- Key support levels: 50-day EMA at $63.13
- Potential downside target: $53.71
- Institutional inflows: $10.36 million over the past week
Additionally, Hyperliquid's HIP-3 markets have surged, increasing their share from 2% at the beginning of 2026 to nearly 50% of Hyperliquid’s total perpetual volume, driven by rising retail interest in on-chain trading.
This material is informational and not financial advice.
