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

ambcryptoPubblicato 2026-02-24Pubblicato ultima volta 2026-02-24

Introduzione

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.

Crypto di tendenza

Domande pertinenti

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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Come comprare HYPE

Benvenuto in HTX.com! Abbiamo reso l'acquisto di Hyperliquid (HYPE) semplice e conveniente. Segui la nostra guida passo passo per intraprendere il tuo viaggio nel mondo delle criptovalute.Step 1: Crea il tuo Account HTXUsa la tua email o numero di telefono per registrarti il tuo account gratuito su HTX. Vivi un'esperienza facile e sblocca tutte le funzionalità,Crea il mio accountStep 2: Vai in Acquista crypto e seleziona il tuo metodo di pagamentoCarta di credito/debito: utilizza la tua Visa o Mastercard per acquistare immediatamente HyperliquidHYPE.Bilancio: Usa i fondi dal bilancio del tuo account HTX per fare trading senza problemi.Terze parti: abbiamo aggiunto metodi di pagamento molto utilizzati come Google Pay e Apple Pay per maggiore comodità.P2P: Fai trading direttamente con altri utenti HTX.Over-the-Counter (OTC): Offriamo servizi su misura e tassi di cambio competitivi per i trader.Step 3: Conserva Hyperliquid (HYPE)Dopo aver acquistato Hyperliquid (HYPE), conserva nel tuo account HTX. In alternativa, puoi inviare tramite trasferimento blockchain o scambiare per altre criptovalute.Step 4: Scambia Hyperliquid (HYPE)Scambia facilmente Hyperliquid (HYPE) nel mercato spot di HTX. Accedi al tuo account, seleziona la tua coppia di trading, esegui le tue operazioni e monitora in tempo reale. Offriamo un'esperienza user-friendly sia per chi ha appena iniziato che per i trader più esperti.

341 Totale visualizzazioniPubblicato il 2024.12.11Aggiornato il 2026.06.02

Come comprare HYPE

Discussioni

Benvenuto nella Community HTX. Qui puoi rimanere informato sugli ultimi sviluppi della piattaforma e accedere ad approfondimenti esperti sul mercato. Le opinioni degli utenti sul prezzo di HYPE HYPE sono presentate come di seguito.

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