Hyperliquid Price Stalls at $46 Amid Whale Moves,

Hyperliquid Price Stalls at $46 Amid Whale Moves, Here’s What’s Next

Story Highlights

HYPE price slips 0.68% to $45.54, holds a 7.9% weekly gain

$44.21 Fib support critical as traders eye $42.57 downside risk

Fed rate cut uncertainty and mixed whale activity weigh on sentiment

Hyperliquid is showing signs of consolidation after an impressive 60-day rally of more than 23%. Currently trading across exchanges at $45.54, the token has shed 0.68% since yesterday, but still remains up 7.92% for the week. Following this, its valuation stands at $15.2 billion, while the intraday trading volume shot up 43.77% to $375.75 million.

It is worth noting that the token recently faced stiff rejection near the $49.52 swing high, just shy of its ATH at $49.86 recorded last month. That being said, marketers appear to be taking profits as macro uncertainty and mixed whale behavior cloud the near-term outlook.

Reasons Behind the Recent Dip

Fed rate uncertainty: The 87.3% probability of a September rate cut is fueling cautious positioning.

Mixed whale activity: Large addresses remain divided, with aggressive spot accumulation clashing against leveraged short positions.

Liquidation clusters: The $42–$44 range is packed with leveraged positions.