Hyperliquid’s price is showing great strength despite the market being very weak as Bitcoin remains low below $59,000. While the financial markets around the world have caused great instability, the The price of HYPE shares it has been rising, withstanding the rising pressure. Also, the whales have been piling up despite the market weakness which has caused quite a stir.
The big buy comes at an important time, as HYPE is trading above key support levels after being rejected by its recent rally near $75. A surge in whales during a correction usually indicates greater confidence in long-term trends, but the price remains at a peak. The big question now is whether this buying pressure is enough to prevent HYPE from falling below the necessary support of $60.
Indications of Whale’s Overconfidence in the Market
Recent developments at the chain show that the big players are seeing the current situation as an opportunity rather than a warning sign. New chain events show the newly created wallet withdrawing 222,493 HYPE worth $14.41 million from Coinbase Prime. Another whale bag received 44,986 HYPE worth $2.87 million from FalconX in the last few hours.
Such moves often reduce supply in the short term, creating strong support zones if the buying continues. Historically, the concentration of whales near support levels has been seen as an early sign of a market, where large owners enter before the trade recovers. While this doesn’t guarantee immediate turnaround, it often helps reduce volatility and stabilize prices during periods of volatility.
Analyzing the Price of HYPE: The Design Works, But the Speed Meets the Test
From a technical point of view, HYPE continues to trade within a broad upward trend, which keeps the main trend moving despite recent pullbacks. The indicator recently faced resistance near the upper resistance level around $75, which led to a short-term correction of intermediate support.
Price actions near $60-$63 are important, because the region has been supporting quickly and connecting with the short-term structure. A strong defense here can provide the basis for another move.
The key CVD units on the chart show strong buying activity between $36 and $40, which shows that it is very useful if the correction is getting stronger. This shows that even if the HYPE falls below $60, the broader trend may remain intact unless the lower areas are tested.
At the same time, the rapid decline in Open Interest (OI) adds another dimension to the analysis. Although the price is still high, the OI continues to decline, indicating that successful traders have been eliminated. This often creates a better market by reducing speculative pressure and reducing the risk of a controlled sale being liquidated.
Wrapping It Up: Can Whales Keep HYPE Above $60?
HYPE is now at a high risk as whale activity and price are correlated. The recent rally reflects strong confidence from major holders, while technicals still favor bulls as long as the bullish trend continues.
Outlook: If HYPE manages to stay above the $60–$63 support zone and retake the $70–$75 resistance, the price may resume its upward trend and look for higher resistance near $85–$90.
Bearish scenario: If the support of $60 fails, the price may face a major correction to the lower areas required around $40-$36, where strong interest can be found.
For now, the whales are buying the dip – but the market still needs to confirm whether this is the start of another leg up or a temporary stop before going down.
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