Hyperliquid (HYPE) Price Prediction: HYPE Nears Critical $52 Support—Can It Hold or Slide Toward $35?

A sustained break below that level could expose HYPE to deeper losses, with the $35–$40 region emerging as a longer-term downside reference.

HYPE was trading around $52.40 on July 31, according to recent market data, after falling roughly 3% over 24 hours. The move extends a broader correction that has taken the token well below its June all-time high near $76.87.

The decline has also brought HYPE into a technically important zone. Recent analysis places immediate support around $52–$54, while another technical setup identifies approximately $53.29 as a neckline and decision level. A confirmed breakdown would strengthen the bearish structure, although the market has yet to establish that confirmation.

HYPE Price Faces Key $52 Support

The recent price action shows a series of lower highs and lower lows after HYPE failed to sustain the advance toward the $70s. The token has also lost several short- and medium-term support levels, turning areas around $57–$60 into potential resistance.

A daily close below $53.29 could reinforce the bearish outlook and expose HYPE to a potential decline toward the $26–$28 demand zone. Source: weslad on TradingView

That leaves the $52 area as an important test for the Hyperliquid price prediction. Recent market analysis identifies the $52–$54 region as support, with the zone also corresponding to a previous swing low. A confirmed four-hour close below $52 followed by a failed recovery could shift attention toward $48–$50 and, below that, the mid-$40s.

The technical setup presented in the source analysis is somewhat more bearish. It places a key neckline near $53.29 and argues that a daily close below that level could increase the probability of a deeper correction toward the $26–$28 demand area.

That target should be treated as a technical scenario rather than an established price objective. For now, HYPE remains above the more immediate $50–$52 support band, meaning the breakdown required to validate the deeper bearish case has not occurred.

HYPE Technical Analysis Shows Mixed Signals

Momentum indicators offer a more nuanced picture than the price structure alone.

The Relative Strength Index has moved into the neutral-to-oversold area on several timeframes. Readings around the low-to-high 30s indicate that selling pressure has become significant, but they do not by themselves establish that a durable bottom is in place.

Hyperliquid (HYPE) price chart (3-month). Source: Brave New Coin

Other oscillators have also shown weakness, while MACD readings have remained negative. This combination points to continued downside momentum, although the approach toward oversold territory leaves room for a technical rebound if buyers defend support.

Moving averages provide a clearer bearish signal over shorter timeframes. HYPE has traded below several short- and medium-term averages, with the 50-day and 100-day areas now acting as overhead barriers. Recent analysis also places the 200-day average near $50, making the $50–$52 region particularly important for the broader trend.

A recovery above the mid-$50s would therefore improve the short-term structure, while a sustained move through $58–$60 would provide stronger evidence that sellers are losing control. Recent analysis identifies $58–$60 as an important recovery zone, with a reclaim followed by a higher low capable of weakening the bearish setup.

Whale Transfers Add to HYPE Selling Pressure

Technical weakness has coincided with notable movements from large HYPE holders.

On July 31, @Ledgexs reports highlighted the unstaking of roughly 1.02 million HYPE from a wallet that had held the tokens for an extended period. A related wallet subsequently moved around 1.89 million HYPE, valued at approximately $106 million at the time, toward institutional brokerage platforms. Another large holder reportedly unstaked HYPE and deposited tokens with FalconX and Coinbase Prime.

A whale unstaked and transferred 1.02 million HYPE tokens, worth about $57 million, to deposit addresses at FalconX and Coinbase Prime after an 18-month holding period. Source: @Ledgexs via X

These transactions do not prove that the tokens were sold. However, transfers from staking wallets to trading or brokerage venues can increase concerns about potential market supply, particularly when they occur during an established correction.

Bitwise has also been linked to recent HYPE transfers. On July 28, blockchain data showed roughly 117,917 HYPE, worth about $7.05 million at the time, moving to Coinbase. Again, a transfer to an exchange does not necessarily imply an immediate sale, but repeated such movements can contribute to market uncertainty.

The selling pressure comes after a substantial rally earlier in the year, allowing long-term holders to realize gains while HYPE trades well below its June peak.

HYPE Price Prediction: Can $52 Hold?

For the near-term HYPE price prediction, $52 remains the level that could determine the next phase of the correction.

Holding this region would keep the possibility of consolidation or a relief rally open. In that case, HYPE could first encounter resistance around $55–$57, followed by the more significant $58–$60 zone. A sustained recovery through those levels would begin to challenge the sequence of lower highs that has defined the recent decline.

Conversely, a decisive break below $52 would weaken the immediate support structure. The next technical areas highlighted by recent analysis are around $48–$50 and $44–$46. If selling pressure extends beyond those zones, the $35–$40 region becomes a more distant downside reference.

The more aggressive bearish scenario would require additional confirmation before the $26–$28 demand zone becomes technically relevant. A daily close below the approximately $53.29 neckline, followed by continued weakness, would provide stronger evidence for that setup.

For now, the evidence points to a corrective phase rather than a confirmed collapse. HYPE remains under pressure, but the $50–$52 area has not been decisively lost. At the same time, oversold momentum readings and ongoing ecosystem development provide reasons not to treat the bearish scenario as predetermined.

The next decisive signals are therefore likely to come from price itself: whether buyers defend the low-$50s and reclaim resistance, or whether sellers force a sustained breakdown below the current support structure.