- The price of Hyperliquid can record a short-term pullback of more than 10% to find support from the bottom of the video.
- Hyperliquid’s long/short metrics show a consistent upward trend in the long bias since late February.
- Daily moving averages (20, 50, 100, and 200) act as powerful support for HYPE buyers amid market uncertainty.
HYPE, a cryptocurrency native to the decentralized exchange (DEX), Hyperliquid, fell by 1.4% ahead of Friday’s US market hours to trade at $40.8. The downtick coincides with the broader appeal of the altcoin market as Bitcoin shows a subtly consolidating area around $78,000. Despite the slow recovery, large investors are going long on the HYPE-linked perpetual contracts, showing their confidence in the end of the Hyperliquid price.
Rising Crude Oil Prices Drive Weekend Activity in HYPE Markets
Since last week, the cryptocurrency market has seen a notable recovery, which pushed The price of Bitcoin above $78,000. The pressure on the country followed an escalation of tensions in the Middle East as the US, Iran and Israel agreed to a ceasefire, which was recently extended by President Donald Trump to end further negotiations.
However, the ongoing conflict has kept the Strait of Hormuz closed, exacerbating the global energy crisis and pushing oil prices above $100 a barrel. As the end of the week approaches volatility in crude oil prices could significantly support the price of Hyperliquid.
As the platform allows users to trade crude oil futures (CL-USDC) 24/7 on the chain, the trading volume on Hyperliquid often sees a significant increase on weekends, boasting high trading volume.
As the price of Bitcoin nears a potential breakout, major traders in the ever-changing Hyperliquid markets are taking aggressive positions. According to data glassnodeThe long/short bias data shows a gradual increase in the long position since late February, with spikes known to coincide with resistance efforts.
This construction has been static rather than sudden, implying a permanent settlement rather than a shortcut. This kind of integration over a long period of time, often leads to significant changes. Despite the recent reversals, the social media remains positive, reflecting an increase in risk among high-risk traders over the past few days.
Hyperliquid Price Continues to Stabilize in the Middle of the Mechanism
Since last week, a Hyperliquid price today has seen a slight decline from $45.45 to the current trading price of $40.7, registering a loss of 10.5%. If the bullish trend continues, the price of the currency could fall another 12% before seeking major support at the bottom of the channel at $36.
From the end of January 2026, the video format will provide strong support and resistance for HYPE traders, maintaining recovery patterns. In addition, Hyperliquid HYPE-0.70% the price is currently above the 20-50-100-and-200-day exponential moving average, which indicates that the bullish sentiment remains stable and the resistance is up.
Therefore, the price of Hyperliquid has a high potential for a bullish reversal that could drive its next recovery towards $50.
Instead, if traders break the support below the channel and close the daily candle, the selling pressure will increase and drag the price of HYPE to $28.5.
