Hyperliquid: Why HYPE’s pullback from $38 could be healthy

ambcryptoPublicado a 2026-02-24Actualizado a 2026-02-24

Resumen

The recent pullback in Hyperliquid (HYPE) from its high of $38.42 is viewed as a healthy retracement within a broader bullish structure. Despite a cluster of long liquidations and a drop below $30, the weekly and daily charts maintain a bullish outlook. Key support is identified at the $24.3 level, which aligns with the 78.6% Fibonacci retracement and a daily chart imbalance. A break below $23.4 could signal weakening bullish momentum, while a drop under $20 would invalidate the bullish setup. However, strong fundamentals, capital inflows, and the defense of the $20 long-term support level suggest HYPE is poised for a potential rally.

In a recent report, the large cluster of long liquidations below $30 for Hyperliquid [HYPE] led AMBCrypto to conclude that there was potential for a drop below $28 to hunt down the long positions.

This has since come true, aided by the Bitcoin [BTC] drop to $64.3k on Sunday. Hyperliquid was attracting capital, with high capital inflows to the ecosystem. This boded well for the token and the DEX in the long-term.

Based on the evidence at hand, HYPE bulls were setting up for an explosive rally. The macro conditions and BTC volatility were challenges that could delay the upward move, but the fundamentals were strong.

The 1-week chart has a bullish structure. The Fibonacci retracement levels showed that the fall to $20.48 in January was part of a retracement, with the golden pocket extending from $28.44 to $20.02.

Why you should think of buying this HYPE dip

The 1-day chart showed a bullish swing structure in place for HYPE. This occurred after the lower high at $28.4, set in the first week of January, was breached. That rally reached $38.42 in the first week of February.

It also outperformed major crypto assets by a sizeable margin. However, traders who bet on a bullish continuation faced losses and liquidations as the DEX token retraced its rally, falling below $30 on the 10th of February.

Yet, this was part of a healthy retracement. HYPE swing traders and investors can wait for the $24.3 level to be defended before looking to go long. This level was the 78.6% Fibonacci retracement level for the bullish swing move.

It also has confluence with an imbalance on the daily chart (white box) that could get filled.

A drop below $23.4 would be an early sign that the bulls lacked the strength to drive a recovery. In this scenario, traders and long-term buyers need to prepare for the bullish setup to get invalidated.

A move below $20 would confirm bearish strength, and buyers will need to wait for an internal structure shift before looking to go long again.


Final Summary

  • The Hyperliquid volatility in February was a bullish structure shift and a subsequent retracement.
  • Given that the weekly structure was also bullish and the $20 was a long-term support, HYPE appears nearly ready for its next rally.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

Preguntas relacionadas

QWhat was the main reason behind Hyperliquid's [HYPE] recent drop below $30?

AThe drop was driven by a large cluster of long liquidations below $30, which was further aided by Bitcoin's decline to $64.3k.

QAccording to the article, why could HYPE's pullback be considered healthy?

AThe pullback is seen as a healthy retracement within a bullish structure, with key support levels like the 78.6% Fibonacci retracement at $24.3 providing potential buying opportunities.

QWhat key support level should HYPE watch for before considering a long position?

ASwing traders and investors should watch for the $24.3 level, which is the 78.6% Fibonacci retracement level and has confluence with a daily chart imbalance.

QWhat would invalidate the bullish setup for HYPE according to the analysis?

AA drop below $23.4 would indicate a lack of bullish strength, and a move below $20 would confirm bearish dominance, invalidating the bullish setup.

QWhat evidence suggests HYPE has strong long-term fundamentals despite recent volatility?

AHigh capital inflows into the Hyperliquid ecosystem and a bullish weekly chart structure indicate strong long-term fundamentals for both the token and the DEX.

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Cómo comprar HYPE

¡Bienvenido a HTX.com! Hemos hecho que comprar Hyperliquid (HYPE) sea simple y conveniente. Sigue nuestra guía paso a paso para iniciar tu viaje de criptos.Paso 1: crea tu cuenta HTXUtiliza tu correo electrónico o número de teléfono para registrarte y obtener una cuenta gratuita en HTX. Experimenta un proceso de registro sin complicaciones y desbloquea todas las funciones.Obtener mi cuentaPaso 2: ve a Comprar cripto y elige tu método de pagoTarjeta de crédito/débito: usa tu Visa o Mastercard para comprar Hyperliquid (HYPE) al instante.Saldo: utiliza fondos del saldo de tu cuenta HTX para tradear sin problemas.Terceros: hemos agregado métodos de pago populares como Google Pay y Apple Pay para mejorar la comodidad.P2P: tradear directamente con otros usuarios en HTX.Over-the-Counter (OTC): ofrecemos servicios personalizados y tipos de cambio competitivos para los traders.Paso 3: guarda tu Hyperliquid (HYPE)Después de comprar tu Hyperliquid (HYPE), guárdalo en tu cuenta HTX. Alternativamente, puedes enviarlo a otro lugar mediante transferencia blockchain o utilizarlo para tradear otras criptomonedas.Paso 4: tradear Hyperliquid (HYPE)Tradear fácilmente con Hyperliquid (HYPE) en HTX's mercado spot. Simplemente accede a tu cuenta, selecciona tu par de trading, ejecuta tus trades y monitorea en tiempo real. Ofrecemos una experiencia fácil de usar tanto para principiantes como para traders experimentados.

198 Vistas totalesPublicado en 2024.12.11Actualizado en 2026.06.02

Cómo comprar HYPE

Discusiones

Bienvenido a la comunidad de HTX. Aquí puedes mantenerte informado sobre los últimos desarrollos de la plataforma y acceder a análisis profesionales del mercado. A continuación se presentan las opiniones de los usuarios sobre el precio de HYPE (HYPE).

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