Flow

Shift

Momentum

<p><strong>Key Insights:</strong></p>
<ul>
 <li>HYPE broke below $37 support after repeated tests, signaling weakening buyer strength and confirming growing bearish control across short-term price structure movements.</li>
 <li>Fibonacci levels identify $32.44 and $29.5 as critical demand zones, where buyers may re-enter as retracement deepens within a broader recovery trend.</li>
 <li>Momentum indicators, including RSI and CMF, show declining strength and capital outflows, reinforcing bearish conditions across both daily and lower timeframe charts.</li>
</ul>
<p>Hyperliquid’s HYPE token moved below the $37 level on April 2, ending a phase where that price acted as steady short-term support. Each earlier test of this level had triggered a rebound. However, recent attempts failed to push prices back toward the $43.7 local high.</p>
<p>Besides, the late March move above $40 proved brief. Sellers quickly regained control, which reinforced the ongoing downward pressure across the broader crypto market.</p>
<h2 class="wp-block-heading" id="broader-market-weakness-adds-pressure">Broader Market Weakness Adds Pressure</h2>
<p>At the same time, Bitcoin and several major altcoins recorded losses. Consequently, overall sentiment remained weak, which added further strain on HYPE’s price action.</p>
<p>Moreover, this wider downturn reduced the strength of recovery attempts. Buyers struggled to build sustained momentum, which kept prices under pressure throughout the last two weeks.</p>
<p>Despite the recent drop, the longer-term structure continues to show a broader recovery pattern. HYPE rallied close to $60 earlier in 2025 before falling sharply to $20 by the end of the year.</p>
<figure class="wp-block-image size-large"><img src="https://cryptonewsland.com/wp-content/uploads/2026/04/image-15-1024x502.png" alt="">
 <figcaption>
  Source: TradingView
 </figcaption>
</figure>
<p>However, the move back toward $43.7 formed part of a larger upward phase. Additionally, the current decline appears to reflect a retracement within that trend rather than a full reversal.</p>
<h2 class="wp-block-heading" id="key-levels-highlight-possible-downside-range">Key Levels Highlight Possible Downside Range</h2>
<p>Fibonacci levels from the latest upward move indicate further room for decline. The $32.44 and $29.5 levels now stand out as key areas where buyers may re-enter the market.</p>
<p>Significantly, these levels fall within a commonly watched demand zone. However, current signals suggest that traders are not rushing to accumulate at these prices yet.</p>
<h2 class="wp-block-heading" id="indicators-confirm-weak-momentum">Indicators Confirm Weak Momentum</h2>
<p>Momentum indicators continue to reflect bearish conditions. The Relative Strength Index dropped below the neutral mark, signaling declining strength in buying activity.</p>
<p>Additionally, the Chaikin Money Flow showed negative readings near -0.15. This suggests capital has been leaving the market, reinforcing the ongoing weakness in price action.</p>
<p>On the four-hour chart, HYPE maintains a bearish structure with a clear pattern of lower highs. The rejection below $42 in late March established a key resistance level.</p>
<p>Moreover, the $29.55 to $32.5 range remains the main demand zone. Buyers are expected to defend this region if the retracement continues in the near term.</p>
<h2 class="wp-block-heading" id="resistance-level-defines-trend-shift">Resistance Level Defines Trend Shift</h2>
<p>A recovery above $41.59 would challenge the current bearish outlook. Such a move would signal renewed strength and reopen the path toward previous highs near $43.7.</p>
<p>However, until that level breaks, the trend remains under pressure. Consequently, price action continues to reflect caution across both short-term and long-term trading setups.</p>

HYPE Price Break Signals Deeper Pullback Amid Weak Momentum

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