After 26% Weekly Drop, Can HYPE Bounce Back to $50?

TL;DR

• HYPE finds immediate support at $44–45, while $50 remains the first key resistance level.
• Analysts point to $38–40 as major support, with deeper levels around $30, $28, and $23.
• Open interest holds strong at $2.17B, showing heavy trader activity despite recent price correction.

Price Pullback and Key Levels

Hyperliquid (HYPE) has fallen more than 26% in the past week, dropping from recent highs near $59 to around $42 at press time. Trading volume over the last 24 hours is around $907 million, with a daily decline of 4%.