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The Hyperliquid price jumped 14% in the last 24 hours to trade at $12.15 as of 12:29 a.m. EST on trading volume that skyrocketed 146% to $434 million.
Hyperliquid Price Shows Bearish Momentum Near Key Fibonacci Support
The HYPE price is experiencing a strong bearish trend, breaking below key Fibonacci levels. The Hyperliquid price chart shows a retracement from the $35.52 high, with price action now sitting around the 0.618 Fibonacci level ($19.79).
This is a crucial support zone because the golden ratio (0.618) is often seen as a reversal point. However, a clear breakdown below this level increases the likelihood of testing the 0.786 level at $15.51.
Additionally, the price of HYPE is trending below the 50-day Simple Moving Average (SMA) at $23.41, confirming that sellers are in control.
The Relative Strength Index (RSI) at 33.75 is indicating increasing selling pressure, but being near 30 suggests a possible bounce. However, if the RSI dips below 30, it could signal further downside before a reversal.
HYPE Price Prediction
If $19.79 (0.618 Fib) holds, a relief rally toward $22.79 (0.5 Fib) is possible. However, a confirmed breakdown below $19.79 could send the price toward $15.51 (0.786 Fib).
If the Hyperliquid price reclaims the $23.41 (50-day SMA) level, it would signal bullish momentum and a potential attempt at $25.80 (0.382 Fib).
In the meantime, investors are flocking to the presale for Best Wallet (BEST), which ClayBro, a popular YouTuber with over 136K subscribers, says is one of the best crypto wallets for 2025.
Best Wallet Presale Closing On $11 Million – Next Crypto To Explode?
Best Wallet is currently in its Initial Coin Offering (ICO) phase and has already raised an impressive $10.5 million, highlighting its strong market potential.
With a compelling mix of utility, robust community support, and innovative features, Best Wallet is positioned for significant growth, with the potential for returns ranging from 10x to 100x.
The wallet supports more than 60 blockchains, and features a built-in DEX, presale aggregator, crypto debit card, and much more.
Its native token, BEST, powers an ecosystem designed to simplify on-chain activities while minimizing security risks, making it a standout in the competitive crypto wallet space.
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Among the many features of Best Wallet, one is gaining outsized interest from investors. That is its “Upcoming Tokens” section, which helps users discover promising projects that are still in the early stages.
The project’s success in identifying promising cryptos is already well established. It flagged the Pepe Unchained (PEPU) and Catslap (SLAP) meme coins that delivered 500% and 3,000% gains, respectively, for early investors.
Investors can also stake BEST tokens for a huge 153% annual return. Currently, BEST tokens are priced at $0.024125.
Investors interested in BEST should buy before a price hike in 35 hours.
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