Has the price of hyperliquids entered a downward trend: technical analysis reveals

Another rough week has hit the crypto markets. The price of hyperliquids has reached a new low, and that begs the question “How much more?” “. Are investors still scared and confident? What does liquidity tell us about the current state of the market? Lots and lots of questions to ask. Charts are a place to look for answers.

After all, @HyperliquidX still firmly holds the crown as the undisputed #1 perpetual DEX.

By the end of November 2025, it reached $8 billion in daily trading volume and over $6.5 billion in open interest, surpassing most of its competitors in raw liquidity and user adoption. pic.twitter.com/kGb4P2blfJ

– Hyperliquid Daily (@HYPERDailyTK) November 25, 2025

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Price

/24h

Volume in 24 hours

7d price

generates a lot of daily income. With hyperliquid strategies behind its back and the aspiration to raise $1 billion for HYPE token purchases, there appears to be enough bullish data for investors. So why are prices falling?

Fall in hyperliquid prices: trend and key levels

(Source – TradingView, HYPEUSD)

From today’s HYPE USD analysis, we first take a look at the 1W chart. He shows us two weekly FVGs, one of which is currently being tested and filled. This is our first support zone – between $28 and $30. The lower FVG is roughly between $21 and $23, and this could be an important level going forward. No moving average to observe here, but the RSI has been steadily declining and is currently around the mid-range.

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(Source – TradingView, HYPEUSD)

Next in line is the 1D chart. By zooming in, we can see when the downward trend started. The first price fell below the low, causing an MSB. Subsequently, the lower high was formed when price was rejected from the bearish order block. Further decline sent us below all moving averages – yuck! And now the question is: will we see a typical move higher to retest the below of the MAs and the next bearish order block to form another lower high? The RSI is at the bottom of its range here.

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HYPE USD Low Time Frame Analysis and Final Thoughts

(Source – TradingView, HYPEUSD)

Finally, we enter the short time frames and, in our case, we will look at the 4H chart, hoping to gain additional information. Or potential business ideas. Our key levels here are visible and they give us possible range. The previous low in yellow is also potential resistance, but it can be broken in an attempt to test the bearish order block. However, a long entry here, with a stop below the Lower Low and a Take Profit in the purple zone, is a RR 1:3 trade. The RSI is low, allowing for possible upside.

For us to enter an uptrend again, the bulls have a lot of work to do. To figure it out, we need to get above $45 and grab it as support. In the meantime, we enjoy the roller coaster ride. Stay safe out there!

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