Will HYPE Token Survive or Collapse? Here’s an Analysis of HYPE’s Future!

Updated

March 3, 2025

Gambar Will HYPE Token Survive or Collapse? Here’s an Analysis of HYPE’s Future!

Jakarta, Pintu News – The crypto market has recently shown significant volatility, with several tokens experiencing sharp declines. One of these is the Hyperliquid token, which has managed to hold onto its January low. However, the big question that arises is whether this is enough to avoid further declines?

Defense at Low Prices: Positive Signal or Pre-Decline?

Hyperliquid Token (HYPE) has tested its January low of $18.5 several times. To date, the level has been successfully maintained, which can be considered an encouraging sign. However, the sharply declining buying volume, as seen from the drastically falling On-Balance Volume (OBV), raises concerns. If there is no increase in buying volume, there is a high probability that HYPE will fall below the $18.5 support.

Also Read: The Future of Pi Coin (PI) in the Cryptocurrency World: Will PI Capi $5? Here’s the Technical Analysis !

Hyperliquid Metrics Analysis: Platform Performance Indicators

Although the number of new users on the Hyperliquid platform declined in January, the last two months show that the number of new users stabilized and did not continue to decline. The daily trading volume also tends to be stable, which shows that the platform is still attracting traffic despite the difficult market conditions.

The statistics of revenue from fees generated also show an increase, which is a result of the increase in trading volume. However, this does not directly indicate an increase in demand for HYPE, given that market sentiment is still likely to be fearful.

Market Speculation and its Impact on HYPE

Over the past ten days, Open Interest for HYPE has shown a decline, indicating a decrease in speculative activity. This suggests that many traders are choosing not to engage in the market, reflecting the dominant bearish sentiment. This decline could be an early indicator that HYPE prices may experience further declines, especially if Bitcoin falls below the psychological level of $80,000 again.

Conclusion: HYPE’s Future is in the Hands of Market Sentiment

Despite some positive signs of Hyperliquid platform activity, the generally bearish market sentiment and decreased speculative activity could pressure HYPE prices further. If market sentiment begins to improve, there may be hope for HYPE bulls to defend the $19 support zone. However, without a significant change in buying volumes, downside risks remain high.

Also Read: P i Network Price Plunges 18% After Legal Warning from Vietnam (3/2/25)

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.