Hyperliquid (HYPE) Drops 25% in February, Key Support Tested

TheNewsCryptoPublicado a 2026-02-16Actualizado a 2026-02-16

Resumen

Hyperliquid (HYPE) has experienced a significant decline, dropping over 25% in February 2026. Currently trading at $29.77, it is down 5.51% in the past 24 hours. The token being 50.07% below its all-time high of $59.39 from September of the previous year. Its market capitalization stands at $7.76 billion. The token is testing a critical support level, and a further 10% decline is possible if bearish pressure continues. Technical indicators show key resistance levels at $34.21, $37.59, and $43.09, with support levels at $23.28, $19.92, and $14.44. The Relative Strength Index (RSI) is neutral at 50.19. The current downturn is attributed to a lack of bullish participation rather than aggressive selling, suggesting a corrective move rather than a full trend reversal. A rebound is possible if the support holds and trading volume increases.

Hyperliquid (HYPE) has been captivating strong market attention for the past few days; however, the price action tells another story. Instead of increased interest, HYPE continuously trades on a negative side, slipping over 25% since the beginning of February 2026.

At the time of writing, the token is exchanging hands at $29.77, down by 5.51% in the past 24 hours. The seven-day move remained down by 5.92% and up around 17.97% in one month’s tenure. The token also showed an upward trajectory as compared to the last year and is up around 13.11%.

The 24-hour price performance shows a low of $29.59 and a high sitting at $31.64. The token remains 50.07% down from the all-time high of $59.39 hit in September last year and 826.7% up from the all-time low of $3.20 hit in November 2024. With this, the overall market capitalisation of the token stands at $7.76 billion.

The token seems prone to another 10% in the near future as it sits near a critical support zone. If sellers continue their control, the continuing downtrend may surge. Although, the bearish pressure could immediately fade if bulls come in with conviction.

The Technical Indicator

The technical indicator shows the first resistance at $34.21, followed by second and third resistances at $37.59 and $43.09, respectively. On the other hand, the first support level sits at $23.28, with second and third support levels at $19.92 and $14.44, respectively.

The relative strength index indicates a neutral level, being at the 50.19 mark. The 20-50-100 day exponential moving averages remain at 30.37, 29.24 and 30.71. It is noteworthy that the current fall is mostly influenced by waning bullish participation instead of aggressive selling. This also suggests that the recent move is corrective regardless of a full trend reversal.

If HYPE remains at the support zone and volume restores, a rebound is possible, possibly setting the stage for one more attempt for the resistance range.

Highlighted Crypto News Today:

Momentum Ignites: Can MUBARAK Extend Its 11% Breakout Into a Stronger Bullish Phase?

Preguntas relacionadas

QWhat is the current price of Hyperliquid (HYPE) and how much has it fallen in February 2026?

AThe current price of Hyperliquid (HYPE) is $29.77, and it has fallen over 25% since the beginning of February 2026.

QWhat are the first resistance and first support levels for HYPE according to the technical indicators?

AThe first resistance level is at $34.21, and the first support level is at $23.28.

QHow does the current HYPE price compare to its all-time high and all-time low?

AThe current price is 50.07% down from its all-time high of $59.39 and 826.7% up from its all-time low of $3.20.

QWhat does the Relative Strength Index (RSI) indicate about the HYPE market?

AThe Relative Strength Index (RSI) indicates a neutral level, being at the 50.19 mark.

QWhat is the market capitalization of the Hyperliquid (HYPE) token?

AThe market capitalization of the Hyperliquid (HYPE) token is $7.76 billion.

Lecturas Relacionadas

Stuck Polymarket: The Real Test After Riding the Traffic Boom Has Arrived

Polymarket, a leading prediction market platform, is facing significant technical challenges as its growth outpaces its current infrastructure on Polygon. Users are experiencing laggy transactions, unresponsive orders, and delayed confirmations, severely impacting the trading experience. In response, DeFi Engineering VP Josh Stevens outlined a comprehensive engineering overhaul. The plan includes reducing on-chain data delays, fixing order cancellation issues, rebuilding the central limit order book (CLOB), improving website performance, and developing a unified SDK and API. A major revelation was the ongoing "chain migration," indicating a potential move away from Polygon. The core issue is that Polymarket has evolved from a simple prediction market into a high-frequency trading platform, making Polygon's limitations—such as block space, gas fees, and block time—a ceiling for further growth. The migration is not just a simple chain switch but a fundamental rebuild of its trading system to support more complex products like perpetual contracts (Perps). This announcement has sparked competition among chains like Solana, Sui, and Algorand, all vying to host Polymarket. For Polygon, losing this key application, which contributes significantly to its gas fee revenue, would be a major setback. The real test for Polymarket is no longer attracting users but proving it can provide a stable, reliable trading environment that retains them.

Odaily星球日报Hace 19 min(s)

Stuck Polymarket: The Real Test After Riding the Traffic Boom Has Arrived

Odaily星球日报Hace 19 min(s)

Key Lawmaker 'Relents', Wash's Biggest Obstacle to Assuming Fed Chair on May 15 Cleared

Key political opposition to Kevin Warsh's nomination as Federal Reserve Chair has been removed after Senator Thom Tillis (R-N.C.) withdrew his objection, clearing the way for a committee vote on April 29. Tillis had previously blocked the nomination due to a criminal investigation into current Chair Jerome Powell, which he viewed as a threat to Fed independence. The Justice Department has since dropped the investigation. Warsh, who has broad Republican support, is expected to be confirmed by the Senate in time for Powell’s term expiration on May 15. If confirmed, Warsh has signaled significant policy changes, including abolishing the "dot plot" of interest rate projections and reevaluating the Fed’s forward guidance framework. These changes could fundamentally alter the market’s pricing mechanisms for stocks, bonds, and currencies. Although the criminal case against Powell is closed, uncertainty remains as he retains his board seat until 2028. President Trump has not fully endorsed Powell, citing an ongoing review of Fed renovation spending. Warsh’s potential reforms target the communication tools developed post-2008, which have become foundational to global asset pricing.

marsbitHace 42 min(s)

Key Lawmaker 'Relents', Wash's Biggest Obstacle to Assuming Fed Chair on May 15 Cleared

marsbitHace 42 min(s)

Lowering Expectations for BTC's Next Bull Market

The author, Alex Xu, explains his decision to significantly reduce his Bitcoin holdings (from full to ~30% of his portfolio) during the current bull cycle, citing a lowered long-term outlook for BTC's price appreciation in the next cycle. He outlines six key reasons for this reduced expectation: 1. **Diminished Growth Drivers:** The narrative of exponential user adoption has largely played out with institutional ETF adoption. The next major growth phase—adoption by sovereign national reserves or central banks—seems unlikely in the near future. 2. **Personal Opportunity Cost:** More attractive investment opportunities have emerged in other assets, such as undervalued companies. 3. **Industry-Wide Contraction:** The broader crypto industry is struggling, with most Web3 business models (SocialFi, GameFi, DePIN) failing. This overall萧条 (depression) reduces the fundamental demand and consensus for Bitcoin. 4. **Strain on Major Buyer:** MicroStrategy, a major corporate buyer of BTC, faces rising financing expenses for its debt, which could slow its purchasing rate and create significant marginal pressure on the market. 5. **Increased Competition from Gold:** The emergence of "tokenized gold" has closed the functional gap (portability, divisibility) between physical gold and Bitcoin, offering a strong competitor in the non-sovereign store-of-value space. 6. **Security Budget Concerns:** The block reward halving continues to exacerbate the long-standing issue of funding Bitcoin's network security, with new fee source explorations like Ordinals and L2s largely failing. The author's decision to hold a significant (though reduced) position reflects a cautious, not bearish, outlook. He remains open to increasing his exposure if the fundamental reasons for his skepticism change or if new positive catalysts emerge.

marsbitHace 57 min(s)

Lowering Expectations for BTC's Next Bull Market

marsbitHace 57 min(s)

Prediction Markets Cannot Exist Without Insider Trading, But Insider Trading Is Killing Them

Prediction markets face a fundamental contradiction: they rely on insider trading to generate accurate prices, yet this same activity erodes public trust and threatens their survival. Recent scandals, such as a U.S. special forces member making $400,000 on Polymarket using classified information about a raid, highlight the severity of the issue. While platforms like Polymarket and Kalshi market themselves as venues where "everyone is an expert" and encourage informed trading, they also enforce policies against illegal insider trading. The core dilemma is that these markets depend on informed insiders for price efficiency but require uninformed retail participants to provide liquidity. If insider trading is too rampant, retail traders leave, perceiving the market as unfair. If restrictions are too strict, valuable information flow dries up, reducing the market’s predictive utility. The challenge is finding a balance that maintains both accuracy and perceived fairness—a task complicated by regulatory pressures and recurring scandals.

marsbitHace 1 hora(s)

Prediction Markets Cannot Exist Without Insider Trading, But Insider Trading Is Killing Them

marsbitHace 1 hora(s)

Can Iran 'Control' the Strait of Hormuz?

Iran has announced a comprehensive plan to assert control over the strategic Strait of Hormuz, a critical global oil shipping chokepoint. The proposed measures include requiring all vessels to obtain Iranian permission for passage, imposing fees for security, environmental protection, and navigation management—preferably paid in Iranian rials—and absolutely banning Israeli ships. Vessels from countries deemed hostile by Iran’s top security bodies may also be barred. Analysts suggest Iran’s motives are multifaceted: increasing pressure on the U.S. and Israel by leveraging control over oil transit to influence global prices and inflation; creating a new revenue stream, potentially exceeding $7.7 billion annually, to counter Western sanctions and support postwar reconstruction; and using transit permissions as bargaining chips in future negotiations, notably with the U.S. However, the plan faces significant practical and diplomatic challenges. Enforcing comprehensive interception and fee collection in the busy waterway, patrolled by international military forces, would be difficult. The U.S. has already countering with a blockade of Iranian ports and threats to intercept any ship paying fees, potentially strangling Iran’s oil exports and fee revenue. Broad international opposition, led by European and Gulf states, and legal controversies further complicate implementation. The proposal may ultimately serve more as a negotiating tactic than a feasible policy, with its execution remaining highly uncertain.

marsbitHace 2 hora(s)

Can Iran 'Control' the Strait of Hormuz?

marsbitHace 2 hora(s)

Trading

Spot

Futuros