Hyperliquid USD Falls 3.4% as Monthly Forecast Signals $21.77 Support Test
Hyperliquid USD (HYPEUSD) is trading at $24.542 as of January 10, 2026, down 3.4% over the past day. The token has experienced significant volatility, with a year-to-date gain of 52.13% but recent weakness testing key support levels. Market data shows HYPEUSD trading below its 50-day average of $28.72, signaling potential consolidation ahead. Understanding the current technical setup and price forecast for Hyperliquid USD helps traders assess whether this decline represents a temporary pullback or the start of a deeper correction. We’ll examine the technical indicators, market sentiment, and price targets driving HYPEUSD movement today.
Why Is Hyperliquid USD Dropping Today?
HYPEUSD declined 3.4% in the last 24 hours, closing at $24.542 from a previous close of $25.67. The broader crypto market has experienced mixed signals, with trading volume at 160.5 million—significantly below the 431 million average. This reduced activity suggests fewer buyers stepping in at current levels, allowing sellers to push the price lower.
The token’s weakness comes despite strong year-to-date performance of 52.13%. However, the 4.4% intraday decline from the open at $25.05 shows selling pressure intensified throughout the session. Price action has broken below the 50-day moving average, a technical signal that often precedes further downside testing.
Hyperliquid USD Technical Analysis
RSI at 48.50 indicates neutral momentum with no overbought or oversold extremes present. MACD shows a bearish signal with the line at -1.82 below the signal line at -2.48, suggesting downward momentum may persist. ADX at 37.13 confirms a strong downtrend is in place, meaning selling pressure has clear directional conviction.
Bollinger Bands position HYPEUSD near the middle band at $25.81, with support at $22.33 and resistance at $29.29. The token trades closer to the lower band, indicating weakness relative to recent volatility. Stochastic %K at 69.09 shows overbought conditions on the oscillator, though this often precedes reversals in ranging markets. CCI at 162.14 signals overbought extremes, suggesting potential mean reversion toward lower prices.
Hyperliquid USD Price Forecast
Monthly Forecast: The model targets $21.77, representing a 11.1% decline from current levels. This level aligns with the lower Bollinger Band and would test psychological support. Quarterly Forecast: HYPEUSD could reach $56.62, a 131% gain from today’s price. This target suggests significant recovery potential if the current downtrend reverses. Yearly Forecast: The annual target sits at $59.65, implying 143% upside from January 2026 levels. This forecast assumes recovery from current weakness and return to bullish momentum.
Forecasts may change due to market conditions, regulations, or unexpected events. The wide range between monthly and yearly targets reflects uncertainty about whether HYPEUSD consolidates near current support or rebounds sharply.
Market Sentiment and Trading Activity
Trading volume at 160.5 million represents only 37% of the 431 million average, indicating reduced participation. Lower volume during price declines often signals weak selling pressure rather than capitulation. This suggests the current drop may lack conviction and could reverse if buyers re-enter.
Liquidation data shows mixed signals with neither extreme bullish nor bearish positioning dominating. The relative volume of 0.45 confirms below-average activity, meaning large institutional traders may be waiting for clearer directional signals before committing capital. Market sentiment appears cautious rather than panicked, typical of consolidation phases before major moves.
Support and Resistance Levels for HYPEUSD
The $22.33 lower Bollinger Band represents the first major support zone where technical buyers historically step in. A break below this level would target the 52-week low of $9.37, though such a move would require significant selling acceleration. The $25.81 middle band acts as the current equilibrium, with price oscillating around this level.
Resistance sits at $29.29 (upper Bollinger Band) and $28.72 (50-day moving average). Breaking above $28.72 would signal recovery momentum and potentially attract fresh buyers. The year-high of $59.39 remains the ultimate resistance target if HYPEUSD enters a sustained uptrend.
What’s Next for Hyperliquid USD Price Action
The next 48 hours will be critical as HYPEUSD tests whether $22.33 support holds or breaks lower. If buyers defend this level, a bounce toward $25-26 becomes likely, offering a short-term recovery opportunity. Conversely, a break below $22.33 would confirm weakness and potentially accelerate selling toward $20 and below.
Traders should monitor volume closely—a recovery on rising volume would signal genuine buying interest, while a decline on heavy volume would confirm capitulation. The ADX at 37.13 shows the downtrend has strength, meaning reversals typically require clear technical signals like RSI divergence or MACD crossover before trusting upside moves.
Final Thoughts
Hyperliquid USD faces near-term pressure with the 3.4% daily decline testing key support levels. Technical analysis reveals a strong downtrend with ADX at 37.13, though RSI at neutral 48.50 leaves room for reversal. The monthly forecast of $21.77 suggests further downside risk, while the yearly target of $59.65 implies substantial recovery potential if the current weakness reverses. Trading volume remains below average, indicating the selling lacks conviction and could reverse quickly. Market sentiment appears cautious rather than panicked, typical of consolidation before major directional moves. The $22.33 lower Bollinger Band represents the critical support zone—a break below this level would confirm deeper weakness, while a hold would set up potential recovery toward $28.72 resistance. Traders monitoring HYPEUSD should watch for volume confirmation on any bounce, as rising volume would signal genuine buying interest returning to the market.
FAQs
HYPEUSD declined due to reduced trading volume (160.5M vs 431M average) and selling pressure breaking below the 50-day moving average at $28.72. ADX at 37.13 confirms a strong downtrend with clear directional conviction. Lower volume suggests weak selling rather than capitulation.
Monthly target: $21.77 (11% downside). Quarterly target: $56.62 (131% upside). Yearly target: $59.65 (143% upside). The wide range reflects uncertainty about whether HYPEUSD consolidates near support or rebounds sharply from current weakness.
ADX at 37.13 shows a strong downtrend. RSI at 48.50 is neutral, leaving room for reversal. MACD at -1.82 below signal line confirms bearish momentum. Bollinger Bands show support at $22.33 and resistance at $29.29.
Yes, $22.33 is the lower Bollinger Band and represents critical support. A break below this level would target the 52-week low of $9.37. A hold would set up potential recovery toward $25-26 resistance.
Yes, volume is crucial. A recovery on rising volume above 431M average would signal genuine buying interest. A decline on heavy volume would confirm capitulation. Current 37% below-average volume suggests weak selling conviction.
Disclaimer:
Cryptocurrency markets are highly volatile. This content is for informational purposes only. The Forecast Prediction Model is provided for informational purposes only and should not be considered financial advice. Meyka AI PTY LTD provides market data and sentiment analysis, not financial advice. Always do your own research and consider consulting a licensed financial advisor before making investment decisions.
