Why is HYPEUSD dropping today?

HYPEUSD fell 1.79% on February 7 due to strong downtrend confirmation from the ADX at 37.13 and whale distribution activity. Selling pressure outpaced buying volume, as shown by negative OBV of -7.1 billion. The token faces resistance at $35.50 and support at $22.33.

What is the HYPEUSD price forecast?

Monthly forecast targets $19.81 (36.5% decline), quarterly targets $52.54 (68.3% gain), and yearly targets $56.46 (81% gain). Three-year forecasts suggest $98.26. These targets assume the platform's fundamental strength eventually drives appreciation.

What technical indicators matter most for HYPEUSD?

The ADX at 37.13 confirms a strong downtrend. RSI at 48.50 is neutral. The CCI at 162.14 signals overbought conditions. Bollinger Bands show support at $22.33 and resistance at $35.50. The MACD is bearish with a negative histogram.

Is HYPEUSD a good buying opportunity?

Market data shows HYPEUSD trading at $31.20 with mixed technicals. Support at $22.33 and $29.78 provides entry zones for longer-term traders. The platform's BitMEX partnership and HyperEVM development offer fundamental support, though near-term technicals suggest waiting for confirmation above $35.50.

What drives HYPEUSD token value?

HYPEUSD value is driven by Hyperliquid's perpetual trading volumes (31% of $70B daily volume on Feb 5), BitMEX partnership integration, HyperEVM ecosystem expansion, and the protocol's buyback mechanism. Token burns and governance votes also support long-term value creation.

Crypto Insights

HYPEUSD Hyperliquid USD Falls 1.79% as ADX Signals Strong Downtrend

ByHuzaifa Zahoor February 8, 2026February 8, 2026

HYPEUSD Hyperliquid USD is trading at $31.20 as of February 7, 2026, down 1.79% over the last 24 hours. The token faces mounting selling pressure despite strong platform fundamentals. Market data shows a $11.05 billion market cap and elevated trading volume at 504 million units. Technical indicators reveal mixed signals, with the ADX reading 37.13, confirming a strong downtrend in progress. Understanding the current price action requires examining both technical levels and broader market sentiment around the Hyperliquid ecosystem.