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  3. HYPE Price Drops Below Key Support: Is $30 the Next Stop?

HYPE Price Drops Below Key Support: Is $30 the Next Stop?

HyperLiquid pulls back after ATH, testing key support at $30; low volume raises risk of deeper correction.

HYPE Price Drops Below Key Support: Is $30 the Next Stop?
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HYPE Price- HyperLiquid Under Pressure: Can $30 Hold as Support?

HYPE PriceHyperLiquid briefly broke above its all-time high of $42.24, but failed to sustain momentum and quickly retreated—forming what now looks like a failed auction or deviation. This shift in price action triggered a corrective move, with the market now eyeing the point of control, a critical support level yet to be tested in the current pullback.

Momentum Shift: From Breakout to Bearish Signal

The loss of $42.24 marks a notable change in sentiment, especially since that level had initially offered support post-breakout. The inability to hold confirms a bearish deviation—a pattern that often leads to deeper retracements. With price approaching the point of control, traders are warned to watch for potential breakdown or bounce scenarios.

Key Support Zones to Watch: $30 and $26.53

If HYPE holds above the point of control on a daily close, this correction may be part of a healthy consolidation within a broader uptrend. But if it fails, the coin likely heads toward the value area low around $30, a zone rich in liquidity and a high-probability support bounce. A break below $30 would expose the next major support near $26.53, setting the stage for a larger trading range between $42.24 and $26.53 if directional volume stays weak.

Structural Outlook: Bull Trend Remains Intact—For Now

As long as the value area low holds in daily closes, the bullish market structure remains intact. A sustained breakdown below that level would suggest deeper consolidation or even a trend reversal, disrupting the current market architecture.

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Volume Weakness Signals Demand Fatigue

Volume analysis adds another cautionary note: since the all-time high, trading volume has declined without any clear resurgence in demand. This suggests weak buyer conviction at higher price levels, reinforcing the risk of further sideways or downward action unless volume picks up.

HYPE Price Drops Below Key Support: Is $30 the Next Stop?

HYPE Price Drops Below Key Support: Is $30 the Next Stop?
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