Hyperliquid price remains under corrective pressure after forming another macro lower high near key resistance. Failure to reclaim critical volume levels raises the probability of a move toward the $22 support zone.
Summary
– Macro lower highs confirm ongoing bearish structure
– Rejection at $35 VWAP and value area high resistance
– $22–$21 support becomes the key downside target
Hyperliquid (HYPE) continues trading within a broader bearish market structure. Recovery attempts have repeatedly failed to shift trend direction, leaving sellers in control. The latest rejection at a high-timeframe resistance area reinforces the corrective phase and shifts focus to lower support zones.
Key technical points
– Macro Structure: Consecutive lower highs indicate a persistent bearish trend.
– Key Resistance: The $35 region aligns with the VWAP and value area high, creating a strong confluence resistance.
– Downside Target: Loss of volume support exposes the $22–$21 demand zone as the next major target.
The most recent rejection occurred near $35, where VWAP and the value area high converged. That confluence produced selling pressure and pushed price back toward the market’s Point of Control (POC) — the price level with the highest traded volume in the range. Hyperliquid failed to reclaim the POC on a closing basis, losing acceptance above this key volume level and signaling weakening demand.
Losing the POC triggered the current corrective phase across lower timeframes. When price abandons primary volume support, liquidity often shifts to deeper demand zones. In this case, the logical rotational target within the prevailing structure is the $22–$21 region, which corresponds to a significant prior swing low and potential capitulation area. A strong reaction there could form the basis for a broader recovery, but failure to hold $21 would establish a new macro lower low and extend bearish projections.
Volume dynamics offer little support for a bullish reversal. Buying participation remains limited and rallies lack follow-through. Without expanding bullish volume or reclaiming the POC and $35 resistance, upside attempts are likely to remain corrective rather than impulsive.
Outlook
Hyperliquid is likely to continue trading lower while price remains below the POC and $35 resistance. Monitor the $22–$21 region closely: a reversal there would signal meaningful demand support, while a breakdown below $21 would confirm continuation of the macro bearish trend.
