{"id":61868,"date":"2025-10-27T17:50:43","date_gmt":"2025-10-27T17:50:43","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/hyperliquid-price-forecast-after-rejection-at-the-38-2-fibonacci-retracement-level\/"},"modified":"2025-10-27T17:50:43","modified_gmt":"2025-10-27T17:50:43","slug":"hyperliquid-price-forecast-after-rejection-at-the-38-2-fibonacci-retracement-level","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/hyperliquid-price-forecast-after-rejection-at-the-38-2-fibonacci-retracement-level\/","title":{"rendered":"Hyperliquid price forecast after rejection at the 38.2% Fibonacci retracement level"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/hyperliquid1-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/hyperliquid1-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/hyperliquid1-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/hyperliquid1-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Hyperliquid price dips 1.2% amid profit-taking and Aster DEX competition.<\/li>\n<li>Upcoming HYPE token unlocks worth $11.9B spark short-term supply concerns.<\/li>\n<li>Rising open interest and whale buying signal bullish momentum.<\/li>\n<\/ul>\n<p>The Hyperliquid price has seen a brief pullback after a significant surge today, shedding 1.2% to trade around $46.57.<\/p>\n<p>Despite this short-term dip, the HYPE token remains up 19.5% over the past week, highlighting continued investor interest and optimism about the project\u2019s long-term prospects.<\/p>\n<p>The retracement follows a strong rally and reflects a blend of profit-taking, technical rejection, and growing competition in the decentralised derivatives space.<\/p>\n<h2>Competition and profit-taking weigh on sentiment<\/h2>\n<p>After a robust run last week, Hyperliquid encountered selling pressure near the 38.2% Fibonacci retracement level at $49.36.<\/p>\n<p>The failed breakout prompted traders to lock in gains, leading to a brief correction.<\/p>\n<p>The MACD histogram is flipping negative on the 4-hour chart, signalling weakening short-term momentum, while the RSI eased from overbought territory at 69.89, suggesting that the market needed a cooldown after a 19% weekly surge.<\/p>\n<figure id=\"attachment_343571\" aria-describedby=\"caption-attachment-343571\" class=\"wp-caption alignnone\"><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"wp-image-343571 size-full\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/10\/Hyperliquid-price-analysis.png\" alt=\"Hyperliquid price analysis\" width=\"957\" height=\"579\"\/><figcaption id=\"caption-attachment-343571\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/coinmarketcap.com\/currencies\/hyperliquid\/\">CoinMarketCap<\/a><\/figcaption><\/figure>\n<p>Part of the sell-off also reflects the growing rivalry between Hyperliquid and the newly launched Binance-backed Aster DEX.<\/p>\n<p>Since its debut on September 17, Aster has attracted massive trading volumes, processing $20.8 billion on its first day compared to Hyperliquid\u2019s $9.7 billion.<\/p>\n<p>Aster\u2019s rapid adoption and $2 billion in total value locked within a week have shifted liquidity across the decentralised perpetuals landscape, briefly denting Hyperliquid\u2019s dominance.<\/p>\n<p>Still, Hyperliquid maintains a commanding presence in the market.<\/p>\n<p>With a $12.74 billion market cap and a <a href=\"https:\/\/defillama.com\/protocol\/hyperliquid\">total value locked (TVL)<\/a> of $4.85 billion, it remains one of the largest decentralised derivatives platforms.<\/p>\n<p>However, traders are watching closely as the project faces near-term headwinds from both external competition and internal supply pressures.<\/p>\n<h2>HYPE token unlock fears<\/h2>\n<p>The most immediate challenge facing HYPE is a looming <a href=\"https:\/\/defillama.com\/unlocks\/hyperliquid\">token unlock<\/a> event beginning on November 29.<\/p>\n<p>Around 237.8 million tokens \u2014 roughly 24% of the total supply \u2014 will begin to unlock over 24 months.<\/p>\n<p>At the current price, this adds nearly $500 million per month in potential sell pressure, partially offset by $65 million in monthly buybacks from the project\u2019s treasury.<\/p>\n<p>This could lead to a monthly imbalance of around $410 million, which could lead to near-term volatility as the market adjusts to the increased supply.<\/p>\n<p>Despite these concerns, the project\u2019s $1 billion treasury filing, connected to the Sonnet Bio and Rorschach merger, could help counterbalance some of the dilution fears.<\/p>\n<p>The treasury\u2019s size and strategic reserves give the team room to manage liquidity and maintain market confidence through buybacks or ecosystem growth initiatives.<\/p>\n<h2>On-chain data shows bullish undercurrents<\/h2>\n<p>While short-term traders may focus on resistance levels, derivatives, and on-chain data tell a more optimistic story.<\/p>\n<p>Futures open interest (OI) on HYPE has surged from $1.27 billion last Wednesday to $1.97 billion on Monday, the highest level since early October.<\/p>\n<figure id=\"attachment_343572\" aria-describedby=\"caption-attachment-343572\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" data-source=\"CoinJournal\" class=\"wp-image-343572 size-full\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/10\/Hyperliquid-futures-open-interest.png\" alt=\"Hyperliquid futures open interest\" width=\"1501\" height=\"516\"\/><figcaption id=\"caption-attachment-343572\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.coinglass.com\/currencies\/HYPE\">Coinglass<\/a><\/figcaption><\/figure>\n<p>Rising open interest signals new capital entering the market, typically an indicator of growing bullish conviction.<\/p>\n<p>Data from CryptoQuant also shows that whales \u2014 large investors \u2014 are increasing their positions, with buy orders dominating both spot and futures markets.<\/p>\n<p>This accumulation trend suggests that institutional and high-net-worth participants expect further gains ahead.<\/p>\n<p>Network data reinforces this bullish sentiment.<\/p>\n<p>According to Artemis Terminal, Hyperliquid\u2019s 24-hour chain fee revenue reached $2 million, surpassing edgeX and BNB Chain.<\/p>\n<p>High network fees often correlate with elevated trading activity and liquidity, signalling robust user engagement even amid short-term market uncertainty.<\/p>\n<h2>Key technical levels to watch for the Hyperliquid price<\/h2>\n<p>Technically, HYPE has shown resilience after breaking above its descending trendline and the 50-day exponential moving average (EMA) at $43.54.<\/p>\n<p>Over the weekend, it held that level as support before climbing back above $48.57.<\/p>\n<p>If the token closes above the next resistance at $51.15, analysts expect the rally to extend toward the record high of $59.46, last seen on September 18.<\/p>\n<p>However, a failure to hold above the $43.54 EMA could open the door for a deeper correction toward the $41.6 support zone.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/hyperliquid-price-forecast-after-rejection-at-the-38-2-fibonacci-retracement-level\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Hyperliquid price dips 1.2% amid profit-taking and Aster DEX competition. Upcoming HYPE token unlocks worth $11.9B spark short-term supply concerns. Rising open interest and whale buying signal bullish momentum. The Hyperliquid price has seen a brief pullback after a significant surge [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":61869,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/61868"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=61868"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/61868\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/61869"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=61868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=61868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=61868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}