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- Hyperliquid (HYPE) has fallen for four straight days as demand for the product slows amid uncertainty in the crypto market.
- Futures interest rates and trading volumes have declined, indicating less speculative activity.
- Institutional interest remains strong, with HYPE ETFs attracting $16.08 million in weekly inflows.
Hyperliquid (HYPE) remains under pressure for the fourth consecutive trading session as traders reduce exposure amid growing global uncertainty and high risk in the cryptocurrency market.
Although short-term sentiment has eased, institutional investors continue to accumulate, and activity within Hyperliquid’s Real World Asset (RWA) ecosystem remains strong. These factors continue to support the strong nature of the token for a long time.
Technical indicators also suggest that a definite break above the $75-$77 resistance could trigger a further bullish move and push the HYPE to the $100 level of sentiment.
Investors retreat when market sentiment weakens
Trading participation in Hyperliquid has softened as investors have increasingly stepped up amid tensions in the Middle East, which has dampened interest in risky assets.
According to CoinGlass dataHYPE’s open interest decreased to $2.68 billion, reflecting a slight reduction in active positions.
Meanwhile, the volume of derivatives trading fell by 29% in the last 24 hours to $1.99 billion, indicating a short-term market weakness.
Although slow, the bullish position has not disappeared at all. The currency fell slightly to 0.0065% from 0.0078% the previous day, remaining in positive territory.
Positive earnings generally indicate that long-term holders are still willing to pay more, which suggests that optimism continues despite the pullback.
Overall, derivatives point to a cautious market where traders are waiting for clarity before making aggressive bets.
Despite the decline in trading demand, institutional investors continue to show confidence in Hyperliquid.
HYPE-focused exchange-traded funds (ETFs) it attracted $3.33 million in new releases Wednesday, bringing its weekly gross to $16.08 million.
The growing stock market shows that large investors remain optimistic about long-term growth.
At the same time, Hyperliquid’s HIP-3 ecosystem—which supports perpetual contracts tied to tokenized Real World Assets (RWAs)—continues to grow.
Open interest in HIP-3 products rose to $3.10 billion, with trading volume up 40% in the past 24 hours and 28% in the last month.
Revenue has remained steady at around $10 million over the past four weeks, reflecting steady user activity and demand for commercial products from RWA.
These metrics reinforce the view that institutionalization and operational expansion remain the driving forces behind Hyperliquid’s long-term history.
Technical analysis: $75-$77 is still a very important area
From a technical point of view, Hyperliquid is being improved and maintaining its high level.
The indicator is approaching a support line that is rising near $66.54, a place that continues to support the current market.
More importantly, HYPE remains well above its 50-day Exponential Moving Average (EMA) at $62.53 and 200-day Exponential Moving Average (EMA) at $48.33.
Stocks above the major moving averages indicate that buyers will maintain long-term control.
The main resistance is between $75.76-the run of June 1-and the R1 Pivot level at $77.09. Together, these levels form the upper boundary of an ascending triangle, a chart pattern that often leads to a bullish breakout.
A successful move above this resistance level could open the door to the following targets: R2 Pivot at $89.14, and R3 Pivot: $101.35
If the increase continues, the $100 level of sentiment may be a long-term target.
Strong technical indicators continue to favor bulls despite recent corrections. The Moving Average Convergence Divergence (MACD) remains above its signal line, indicating that the bullish trend has not been completely lost.
Currently, the Relative Strength Index (RSI) sits around 42, just below the neutral zone. This means that there is an opportunity to add more if the purchase returns.
Together, these indicators indicate a neutral to positive trend rather than a reversal to bearish trends.
Although the interest rate will be helpful, traders should keep an eye on the levels of the underlying support.
If HYPE breaks the 50-day EMA at $62.53, traders can push prices towards the S1 Pivot level at $52.83.
A deeper correction could test the 200-day EMA at $48.33, which continues to represent the base of the long-term Hyperliquid market.
As long as HYPE remains above these critical levels, the upside remains even in short-term fluctuations.
