Anticipated Valuation Fluctuations for HYPE Token in the Upcoming Week
In the world of cryptocurrency, Hyperliquid (HYPE) has been making headlines due to its recent price movements. After a prolonged absence, bears have returned to HYPE, causing a major bearish cross on the 3-day MACD and pushing the price below the key resistance level of $40.
Currently, HYPE is trading slightly above key support near $38, with the price moving towards $37. This potential support level, if reached, may provide a much-needed respite for investors. Should $37 fail to hold, another potential support level at $32 could come into play.
The market is showing a downtrend for HYPE, with sellers currently having the upper hand. The sellers are aiming for the next support level at $37, and if successful, it could lead to a further price drop. However, it's important to note that the market is not entirely bearish. The correction could last for several weeks at minimum, suggesting a potential consolidation phase rather than a prolonged downtrend.
Looking at the technical indicators, a breakout to the upside towards $48.70-$52 is possible if the $42 support holds. This optimistic outlook is further supported by rising trading volume and an RSI bounce off neutral territory, indicating that sellers may be losing momentum.
However, in the short term, some forecasts predict a price drop of about 23% to approximately $29.31 within the next few days. This prediction reflects a neutral market sentiment and resistance levels around $38.55 to $41.58.
Looking further ahead, price projections based on fundamental growth such as increasing trading volume, developer activity, and rising adoption suggest a strong recovery and upward trend. Estimates for the end of 2025 range from a low of $15 to a high of $80, with average prices around $35, and for later years into 2026-2030, the predictions rise progressively to highs between $90 and $185 per token.
In summary, while short-term price action shows a potential dip and some uncertainty, technical indicators and market structures point to a near-term consolidation with a bullish breakout possible. Long-term outlooks are optimistic based on increasing fundamental strength and expanding market interest. However, short-term investors should be cautious due to near-term predicted declines and current resistance levels.
Investors should monitor the potential support level at $37 as HYPE's price moves towards it, as a hold there may provide a respite and prevent a further decline. Meanwhile, those interested in crypto trading might find the upcoming opportunity for a bullish breakout towards $48.70-$52 appealing, supported by rising trading volume and an RSI bounce off neutral territory.
