Will Hyperliquid Price Plunge? The Bearish Crossover and a Comedy of Errors!

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Ah, dear reader, gather ’round as we delve into the tumultuous tale of Hyperliquid’s price-a saga not unlike a Dostoevskian drama, fraught with existential dread and financial despair. Over the past fortnight, this beleaguered token has plummeted almost 20%, a tragic fall from grace since its dizzying heights, much like an overambitious protagonist spiraling into madness.

Now, one must ponder: will our hapless hero-this Hyperliquid-succumb to the fatal blow of a bearish crossover? Indeed, one can almost hear the ominous laughter echoing through the cryptosphere, for it seems the very essence of hope has taken flight alongside the token’s value.

  • The Hyperliquid price has nosedived 25% from its once-glorious yearly pinnacle.
  • Bitcoin, that fickle beast, continues its descent, dragging the dreams of many a crypto enthusiast down with it.
  • A bearish MACD crossover on the daily chart looms like a dark cloud, promising more misfortune in the sessions to come.

According to the sages at crypto.news, last Wednesday bore witness to Hyperliquid (HYPE) staggering down to a monthly low of $28.5, after having basked in the sunlit glory of $37.8 just weeks prior. And now, as it exchanges hands at a mere $30.2-one cannot help but chuckle at the irony of it all.

Ah, the relentless downward spiral! It is as if the universe conspired against this token, sowing seeds of bearish sentiment amidst the crypto market, following Bitcoin’s catastrophic tumble through its sacred psychological barriers. Investor enthusiasm, once a roaring flame, has been reduced to a flickering candle, struggling against the wind of uncertainty.

What of our protagonist’s fundamental metrics, you ask? They too have succumbed to the malaise! Data from DeFiLlama reveals a staggering 55% drop in weekly revenue, now languishing at $11.8 million. The total value locked, once a robust $4.7 billion, has shrunk to a mere $4.24 billion-oh, the tragedy!

As revenues dwindle, so too does the capital available for our noble Hyperliquid to buy back and burn its own tokens-a gruesome fate indeed! This lack of deflationary vigor merely serves to bolster the sell-side pressure, making any hopes of recovery seem more distant than the stars.

Hyperliquid Price Analysis

Yet, as we gaze upon the daily chart, the outlook appears bleak, shrouded in shadows. The MACD lines, those harbingers of doom, have confirmed a bearish crossover, while the red histograms swell ominously, signaling a torrent of selling pressure that threatens to drown all buyers.

But wait! The plot thickens! HYPE’s daily RSI has entered a descending channel, teetering perilously close to the abyss of the neutral threshold. The price huddles near the 38.2% Fibonacci retracement level at $28.4, a line drawn from last year’s April lows to September highs. A break below this fragile barrier could send it tumbling towards $21.10. Ah, but what melodrama unfolds!

Yet, there exists a glimmer of hope amidst this unfolding tragedy. Should HYPE manage to find salvation from $28.4, a miraculous rebound toward its yearly high of $37.8 may occur-though such a feat would require a broader crypto resurgence akin to a phoenix rising from the ashes, accompanied by a revival of fervent trading volumes upon the Hyperliquid platform.

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2026-02-17 11:37