Key takeaways HYPE is down 8% in the last 24 hours and has dropped below $28. Open Interest (OI) declines as retail interest continues to drop. HYPE dips below the $28 support HYPE, the native coin of the Hyperliquid decentralized exchange, is down 8% in the last 24 hours, making it the worst performer among […] The post Hyperliquid dips below the $28 support. Will it bounce back soon? appeared first on CoinJournal.Key takeaways HYPE is down 8% in the last 24 hours and has dropped below $28. Open Interest (OI) declines as retail interest continues to drop. HYPE dips below the $28 support HYPE, the native coin of the Hyperliquid decentralized exchange, is down 8% in the last 24 hours, making it the worst performer among […] The post Hyperliquid dips below the $28 support. Will it bounce back soon? appeared first on CoinJournal.

Hyperliquid dips below the $28 support. Will it bounce back soon?

2025/12/09 20:36

Key takeaways

  • HYPE is down 8% in the last 24 hours and has dropped below $28.
  • Open Interest (OI) declines as retail interest continues to drop.

HYPE dips below the $28 support

HYPE, the native coin of the Hyperliquid decentralized exchange, is down 8% in the last 24 hours, making it the worst performer among the top 20 cryptocurrencies by market cap.

The bearish performance comes as Bitcoin and the other major cryptocurrencies underperform. HYPE could decline towards the $20 psychological level amid a consolidating market. 

HYPE’s bearish performance comes as the coin is losing retail interest due to the current market conditions. Traders are anticipating a rate cut by the Federal Reserve on Monday, but that hasn’t propped up interest in Hyperliquid.

According to CoinGlass, HYPE’s futures Open Interest (OI) is down 5.91% in the last 24 hours to $1.44 billion. The decline suggests a significant liquidity loss in HYPE derivatives as traders adopt a wait-and-watch strategy.

In addition to that, the long liquidations since Monday topped $1.2 million, surpassing short liquidations of $88,160.

HYPE could dip to $20 if the selloff continues

The HYPE/USD 4-hour chart is bearish and efficient as Hyperliquid has lost 8% of its value in the last 24 hours. The coin is currently trading below $28, breaking the support around $29.37.

If the bearish trend continues, HYPE’s daily candle could close below the resistance level at $26.03. An extended selloff will bring the October 10 low of $20.84 into focus. 

The RSI of 29 shows that HYPE is currently in the oversold territory and could record further losses in the near term. Meanwhile, the Moving Average Convergence Divergence (MACD) indicates a rise in bearish momentum, with sellers currently in control of the market. 

If the bulls retake control of the market, HYPE could reclaim the $30 psychological level before rallying towards the resistance trendline near $34.00.

The post Hyperliquid dips below the $28 support. Will it bounce back soon? appeared first on CoinJournal.

Sorumluluk Reddi: Bu sitede yeniden yayınlanan makaleler, halka açık platformlardan alınmıştır ve yalnızca bilgilendirme amaçlıdır. MEXC'nin görüşlerini yansıtmayabilir. Tüm hakları telif sahiplerine aittir. Herhangi bir içeriğin üçüncü taraf haklarını ihlal ettiğini düşünüyorsanız, kaldırılması için lütfen [email protected] ile iletişime geçin. MEXC, içeriğin doğruluğu, eksiksizliği veya güncelliği konusunda hiçbir garanti vermez ve sağlanan bilgilere dayalı olarak alınan herhangi bir eylemden sorumlu değildir. İçerik, finansal, yasal veya diğer profesyonel tavsiye niteliğinde değildir ve MEXC tarafından bir tavsiye veya onay olarak değerlendirilmemelidir.

Ayrıca Şunları da Beğenebilirsiniz

BlackRock boosts AI and US equity exposure in $185 billion models

BlackRock boosts AI and US equity exposure in $185 billion models

The post BlackRock boosts AI and US equity exposure in $185 billion models appeared on BitcoinEthereumNews.com. BlackRock is steering $185 billion worth of model portfolios deeper into US stocks and artificial intelligence. The decision came this week as the asset manager adjusted its entire model suite, increasing its equity allocation and dumping exposure to international developed markets. The firm now sits 2% overweight on stocks, after money moved between several of its biggest exchange-traded funds. This wasn’t a slow shuffle. Billions flowed across multiple ETFs on Tuesday as BlackRock executed the realignment. The iShares S&P 100 ETF (OEF) alone brought in $3.4 billion, the largest single-day haul in its history. The iShares Core S&P 500 ETF (IVV) collected $2.3 billion, while the iShares US Equity Factor Rotation Active ETF (DYNF) added nearly $2 billion. The rebalancing triggered swift inflows and outflows that realigned investor exposure on the back of performance data and macroeconomic outlooks. BlackRock raises equities on strong US earnings The model updates come as BlackRock backs the rally in American stocks, fueled by strong earnings and optimism around rate cuts. In an investment letter obtained by Bloomberg, the firm said US companies have delivered 11% earnings growth since the third quarter of 2024. Meanwhile, earnings across other developed markets barely touched 2%. That gap helped push the decision to drop international holdings in favor of American ones. Michael Gates, lead portfolio manager for BlackRock’s Target Allocation ETF model portfolio suite, said the US market is the only one showing consistency in sales growth, profit delivery, and revisions in analyst forecasts. “The US equity market continues to stand alone in terms of earnings delivery, sales growth and sustainable trends in analyst estimates and revisions,” Michael wrote. He added that non-US developed markets lagged far behind, especially when it came to sales. This week’s changes reflect that position. The move was made ahead of the Federal…
Paylaş
BitcoinEthereumNews2025/09/18 01:44