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The Hyperliquid price plunged 6% in the last 24 hours to trade at $35.80 as of 12:27 a.m. EST, with trading volume dropping 27% to $333 million.
The drop in the HYPE price comes despite another Nasdaq-listed firm, Lion Group Holding Ltd. (LGHL), announcing a $600 million facility to launch a HYPE-focused treasury strategy.
Another crypto Treasury Company @LionGroupLGHL, a Singapore tradfi derivative company, secures $600m facility to aquire $HYPE, $SOL and $SUI for its strategic treasury and become the first crypto Treasury company listed on Tokyo and Singapore Exchanges. pic.twitter.com/FdYwCsxZhv
— MartyParty (@martypartymusic) June 18, 2025
It follows a decision by Eyenovia, a US-based ophthalmic technology firm, said it planned to deploy $50 million into its Hyperliquid treasury initiative.
Hyperliquid Price Slips Below Support: Bull Run Pauses As Bears Test Control
The HYPE price reveals that the asset recently experienced a strong upward price movement from April through mid-June, forming a well-defined rising channel.
This bullish momentum propelled the Hyperliquid price from the sub-$15 region up to a peak of approximately $45.73.
However, the most recent candlesticks suggest that the bullish momentum is faltering, after HYPE broke below the channel, and places the price just below the 0.236 Fibonacci retracement level at $37.41, a key support-turned-resistance zone.
That breakdown from the channel could be an early signal of a trend reversal or a deeper pullback, particularly as the price has failed to reclaim the upper resistance levels.
Meanwhile, the 50-day Simple Moving Average (SMA), currently at $31.83, has been acting as a dynamic support during the recent rally.
The Relative Strength Index (RSI) stands at 48.37, having dropped from a recent overbought high of 62.86. This decline places the RSI just below the neutral 50 level, suggesting weakening momentum.
HYPE Price Prediction
Following the Hyperliquid price drop below the rising channel and rejection at the 0.236 Fibonacci level of $37.41, its short-term outlook has turned cautious from bullish.
Despite Lion Group Holding Ltd.’s $600 million HYPE-focused treasury strategy announcement, bullish momentum failed to reignite. This lack of positive price action after significant institutional backing suggests short-term market skepticism or profit-taking after HYPE’s strong April-to-June rally.
If the $37.41 resistance holds and the price remains under pressure from the bears, the most probable short-term target lies near the 0.382 Fibonacci support at $32.26, with the 50-day SMA around $31.83 providing potential convergence support. A breach below this zone could push the Hyperliquid price further toward the 0.5 level at $28.09.
Conversely, if bulls manage to reclaim the $37.41 level and close back above the broken channel, it could signal a false breakdown. In that case, the bullish trend might resume with retests of the $42–$45 resistance region.
In the meantime, investors are rotating funds into Best Wallet (BEST), which popular YouTube channel, 99Bitcoins, with over 723K subscribers, says is one of the cryptos that could potentially soar 100X after launch.
Best Wallet Presale Heads For $14 Million — Next 10X Crypto?
Best Wallet supports over 60 blockchains, enabling users to manage thousands of cryptocurrencies, including heavyweights like Bitcoin (BTC) and Ethereum (ETH), within a single app.
Still in its early stages of presale, the project has already raised over $13.45 million and is quickly hurtling towards $14 million.
Its built-in decentralized exchange (DEX), presale aggregator, and upcoming crypto debit card set it apart in a crowded field. But what’s turning heads is its “Upcoming Tokens” feature, a launchpad that’s already proven its knack for spotting winners.
Projects like Pepe Unchained (PEPU) and Catslap (SLAP), flagged early by Best Wallet, delivered jaw-dropping gains of 500% and 7,000%, respectively, for early adopters.
🔥 Over $13M Raised and Counting! 🔥
Best Wallet is becoming the go-to for traders who want speed, simplicity, and early access to what matters:
✅ Buy new tokens early, directly in-app
✅ Buy and bridge across chains in one place
✅ Full portfolio control, no clutterDownload… pic.twitter.com/0SDNVPov6v
— Best Wallet (@BestWalletHQ) June 4, 2025
Best Wallet’s growth metrics are equally striking. Since its November 2024 debut, the app has amassed over 500,000 users, with monthly active users exceeding 250,000 and installations soaring 96% month-over-month.
Security remains a cornerstone, with biometric authentication and decentralized recovery options ensuring users retain complete control of their funds.
The native token, BEST, is the engine behind this ecosystem. Holding the token unlocks perks like reduced trading fees, access to exclusive presales, and staking rewards boasting an impressive 103% annual return.
The BEST token is currently priced at $0.025205. With the next price hike looming in around 11 hours, buy soon to secure the best deal.
Check out BEST on its official website.
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Best Wallet - Diversify Your Crypto Portfolio
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