Why is HYPEUSD dropping today on February 18, 2026?

HYPEUSD fell 4.59% due to broader crypto market weakness, with digital asset investment products experiencing their fourth consecutive week of outflows. Hyperliquid saw a modest $1 million outflow, and traders are taking profits after a 16.96% monthly gain. Capital is rotating into other altcoins like XRP and Solana.

What are the key support and resistance levels for HYPEUSD?

HYPEUSD has support at $27.42 (50-day MA), $21.88 (Bollinger Band lower), and $26.60 (technical invalidation level). Resistance sits at $30, $37.81 (Bollinger Band upper), and the year-high of $59.39. The current price of $29.01 is near the middle Bollinger Band.

What does the technical analysis say about HYPEUSD?

The RSI at 50.42 shows neutral momentum, while the MACD histogram at -0.16 indicates weakening momentum. The ADX at 26.18 confirms a strong trend is in place. Volume is below average at 206 million, suggesting reduced conviction in the current move.

What are the price targets for HYPEUSD in 2026?

Monthly forecast: $22.77 (-21.5%). Quarterly forecast: $59.11 (+103.6%). Yearly forecast: $52.73 (+81.6%). These targets assume continued consolidation near-term and recovery driven by ecosystem growth and institutional adoption.

What catalysts could drive HYPEUSD higher?

Key catalysts include confirmation of a second airdrop, the HIP-4 Outcome Trading upgrade, USDH stablecoin rollout with 95% yield directed to HYPE buybacks, and the planned public listing of Hyperliquid Strategies. Arthur Hayes' $100,000 bet that HYPE outperforms altcoins also reinforces bullish sentiment.

Is HYPEUSD oversold or overbought right now?

HYPEUSD is neither oversold nor overbought. The RSI at 50.42 is neutral, and the Stochastic at 31.55 (%K) shows room for further downside before true oversold conditions emerge. The MFI at 54.06 indicates balanced buying and selling pressure.

Crypto Insights

Hyperliquid USD Falls 4.59% Daily—What’s Driving HYPEUSD Lower?

ByDanny Kontos February 18, 2026

Hyperliquid USD (HYPEUSD) is trading at $29.01 as of February 18, 2026, down 4.59% over the past day. The decline comes amid broader crypto market weakness, with digital asset investment products experiencing their fourth consecutive week of outflows totaling $173 million. Despite the pullback, HYPEUSD maintains a year-to-date gain of 22.74%, reflecting strong underlying momentum. We’ll examine the technical factors behind today’s decline, market sentiment shifts, and what traders should watch moving forward.