Hyperliquid price remains under pressure after confirming another lower high, with bearish market structure keeping downside risk toward the $19 level in focus.
- Bearish structure remains intact with lower highs and lower lows
- Price is capped below $28 high-time-frame resistance
- Downside continuation favors a move toward $19 support
Hyperliquid’s (HYPE) price action continues to reflect underlying weakness, with the market firmly locked into a bearish structural phase. Since breaking down from the $53 region, the asset has consistently printed lower highs and lower lows, reinforcing downside control and limiting bullish recovery attempts.
Despite brief relief rallies, price has failed to reclaim any meaningful resistance on a closing basis. The most recent rejection at overhead resistance has further confirmed the bearish trend, refocusing attention on lower support levels as sellers maintain control of the broader structure.
Hyperliquid price key technical points
- Hyperliquid remains in a clear bearish structure, defined by lower highs and lower lows
- Price is trading below the $28 high-time-frame resistance, aligned with value area confluence
- A confirmed bearish retest opens downside probability toward $19 support
The breakdown from the $53 level marked a decisive shift in Hyperliquid’s market structure. Since that point, price action has failed to form any higher highs, instead continuing to respect descending resistance levels. Each recovery attempt has been met with selling pressure, reinforcing the dominant bearish trend.
Currently, the price is trading below the $28 resistance zone, a level that is significant from both structural and volume-based perspectives. This area aligns closely with the value-area low in the prior distribution, making it a natural zone for sellers to defend. The failure to reclaim this region has confirmed it as resistance rather than support.
The most recent move into $28 resulted in a bearish retest, where price briefly approached resistance before being rejected lower. This behavior confirms the formation of another lower high, a critical signal that bearish market structure remains intact. Lower highs within a downtrend typically act as continuation signals rather than reversal points.
Price action and momentum analysis
From a price-action perspective, the rejection at $28 lacked follow-through buying pressure. Momentum faded quickly as the price entered resistance, highlighting weak demand and a lack of bullish conviction. In contrast, selling pressure resumed once resistance held, reinforcing the bearish bias.
This dynamic suggests that market participants remain cautious, with sellers actively defending key levels and buyers unwilling to commit to aggressive purchases. Such conditions often precede further downside, as price continues to seek areas of stronger demand.
Continuation below the most recent swing low increases the probability of further downside movement. With the structure unchanged, the price is likely to rotate lower in search of the next meaningful support zone.
Downside targets and support outlook
The next major area of interest sits around the $19 level, which represents the nearest significant support below the current price. This zone aligns with prior structural reactions and serves as a logical downside target within the broader bearish framework.
A move toward $19 would represent a continuation of the existing trend rather than an acceleration, consistent with the methodical nature of Hyperliquid’s decline. Should price reach this area, market participants will closely monitor for any signs of demand or stabilization.
However, until such signals appear, downside risk remains dominant. There is currently no structural evidence that the trend is weakening or that a sustainable reversal is emerging.
What to expect in the coming price action
As long as Hyperliquid remains below the $28 resistance zone, the bearish outlook remains firmly in place. Price action continues to favor continuation lower, with $19 acting as the next key support target in the immediate short term.
A decisive reclaim of $28 on a closing basis would be required to challenge the current bearish structure and introduce the possibility of a trend shift. Until that occurs, rallies are likely to be viewed as corrective moves rather than the start of a recovery.
