HYPE Sees Relief Rally, Bearish Channel Persists Ahead of $327M Token Unlock

TheNewsCryptoPublicado em 2026-01-19Última atualização em 2026-01-19

Resumo

HYPE (Hyperliquid) experienced a relief rally, gaining 5.92% to $26.52 amid broader crypto market improvements, though it remains down 55% from its September peak. Daily trading volume rose 84% to $242 million, while futures trading and open interest also increased, indicating sustained investor activity without a clear directional trend. A significant token unlock of 12.46 million HYPE tokens (worth ~$327 million, 3.61% of supply) is approaching, which may trigger short-term selling pressure and hinder upward momentum, especially given the ongoing price slump. Technically, HYPE is stabilizing around $25–26 on the 4-hour chart, with RSI above 60 and a positive MACD crossover suggesting growing buyer interest. However, breaking above the $29–$30 resistance is crucial for a sustained rally, while losing the $25 support could lead to further declines.

Hyperliquid gained around 5.92% to $26.52 as broader crypto markets improved. Despite the increase, the token remains significantly lower, down almost 55% from its September top of $59.39. With that, the daily trading volume has also increased roughly 84% to $242 million.

Then, Coinglass derivatives data show futures trade surges 42% to $1.21 billion, while open interest positions increased 3.51% to $1.44 billion. This increased daily trading, futures trade and open interest, signals a continuous investor engagement around the HYPE altcoin without a clear directional move.

12.46M HYPE Token Unlock Approaches

As per the tokenomist data, 12.46 million HYPE tokens will be unlocked, worth about $327 million, accounting for 3.61% of the supply. While token unlocks often trigger short-term selling. For HYPE, which is already facing a price slump, this adding supply is a major hurdle, which could make it difficult for the token to gain any real upward momentum.

HYPE Price Analysis

From a technical point of view, HYPE is attempting to stabilize on the 4-hour chart after an extended downtrend, with price consolidating around the $25–26 zone. With that, RSI is moving above 60s, signaling growing buyer interest without entering overbought territory. Also, the MACD shows positive crossover, these indicators point towards a relief rally.

However, if HYPE breaks above the key $29 – $30 range to confirm an upside rally and it needs to maintain the $25 support zone through the unlock event to maintain stability; losing it could cause a downside trend.

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TagsHYPEHyperliquid (HYPE)

Perguntas relacionadas

QWhat is the current price of HYPE and how much has it gained recently?

AHYPE is currently trading at $26.52, having gained approximately 5.92% as broader crypto markets improved.

QWhat major event is approaching for the HYPE token and what is its potential impact?

AAn unlock of 12.46 million HYPE tokens, worth about $327 million, is approaching. This event, accounting for 3.61% of the supply, is a major hurdle that could trigger short-term selling and make it difficult for the token to gain upward momentum, especially given its current price slump.

QWhat do the technical indicators like RSI and MACD suggest about HYPE's price action?

AThe RSI is moving above the 60s, signaling growing buyer interest without being overbought. The MACD shows a positive crossover. These indicators point towards a relief rally, suggesting the token is attempting to stabilize after a downtrend.

QWhat are the key price levels to watch for HYPE's future price direction?

AHYPE needs to break above the key $29 - $30 range to confirm a sustained upside rally. To maintain stability, it must hold the $25 support zone; losing this support could lead to a renewed downside trend.

QHow have HYPE's trading metrics, such as volume and open interest, changed?

AThe daily trading volume has increased roughly 84% to $242 million. Futures trade surged 42% to $1.21 billion, and open interest positions increased 3.51% to $1.44 billion, signaling continuous investor engagement without a clear directional move.

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