Why is HYPEUSD down 2.34% today despite HIP-3 adoption?

HYPEUSD's decline reflects broader crypto market weakness tied to Bitcoin's performance, not protocol-specific issues. Commodity volatility, including silver's 34% crash on January 30, also pressured sentiment. The token remains up 1.09% on the day, suggesting intraday volatility rather than sustained selling.

What is the HYPEUSD price target for Q1 2026?

The quarterly forecast for HYPEUSD stands at $52.54, representing 74.8% upside from current levels. This assumes HIP-3 adoption accelerates and Bitcoin maintains support above $80,000. However, the monthly forecast of $19.81 suggests downside risk if macro conditions deteriorate.

Is HYPEUSD overbought or oversold right now?

HYPEUSD's RSI at 48.5 indicates neutral momentum—neither overbought (>70) nor oversold (

What support levels should traders watch for HYPEUSD?

The 20-day EMA at $26.36 is the primary support. Below that, the 50-day moving average at $25.55 and the Bollinger Band lower at $22.33 provide secondary support. A breakdown below $22.33 could trigger a retest of the $9.33 52-week low.

How does Hyperliquid's fee-burn mechanism affect HYPEUSD price?

Hyperliquid directs 97% of fees to buybacks, removing approximately 21,000 HYPE tokens weekly from circulation. This supply reduction creates structural support for HYPEUSD as platform usage increases. Higher trading volume directly translates to more token burns and reduced supply.

Crypto Insights

HYPEUSD Rebounds 1.09% as Commodity Surge Tests $35.50 Resistance

ByHuzaifa Zahoor February 1, 2026February 1, 2026

Hyperliquid USD (HYPEUSD) is rebounding with a 1.09% daily gain as the platform’s HIP-3 upgrade drives record commodity trading volume. As of January 31, 2026, HYPEUSD trades at $30.05 with a market cap of $10.5 billion. The token faces critical resistance at $35.50, a level that capped rallies in December 2025. Understanding HYPEUSD price action requires examining both the fundamental shift toward commodity markets and the technical setup that will determine whether this rebound sustains or reverses. We’ll break down the key drivers, technical signals, and what traders should monitor in the coming weeks.