Hyperliquid (HYPE) Drops 6%, Analysts Predict Recovery to $60!

Jakarta, Pintu News – Hyperliquid (HYPE) declined for the fifth consecutive time on Tuesday, with a drop of around 6% to the $45-$46 zone after experiencing a sharp rejection at the recently reclaimed trend line.

Although the short-term momentum is showing bearish signs, several on-chain indicators and market structure still point to a potential rebound to the $55-$60 range, provided that buyers can stabilize the price above the key support soon.

Derivative Positioning Shows Bearishness, Yet Spot Market Still Holds Its Ground

Futures positions have switched to defensive mode, and according to data from Coinglass, the long-to-short ratio dropped to 0.80, which is the lowest point in over a month, signaling that traders are bearish. Momentum indicators such as the daily RSI at 45 and the MACD showing a bearish crossover both indicate a weakening of trend strength.

Technically, HYPE failed a retest of the uptrend line that had been broken and corrected almost 7% from Friday to Monday, with the chart suggesting the next big support is in the $39-$40 range if selling continues.

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Reasons for Hyperliquid (HYPE) Bullish Optimism for $55-$60 Target

Despite the downturn, activity on the spot market is still positive. Hyperliquids manage to keep prices in the mid-$40s, and previous consolidations above $45-$47 are often followed by significant consolidation moves.

Behind the scenes, token staking of over 660,000 HYPE ($30 million) and systematic buybacks have reduced the circulating supply, creating favorable conditions for when demand picks up again. In addition, protocol fee revenue of around $3 million per day shows steady usage despite new competition from perp-DEX offering incentives.

Trading Map and Price Levels for This Week

The immediate trading point is in the $44-$49 range. A daily close back above $49 would neutralize the bears and open up opportunities towards $52, then $55-$60 as momentum targets. If unable to sustain $46-$47, it could trigger a retest of $44, with a deeper drop risking reaching the $39-$40 demand zone where buyers might step in.

Internal market factors that need to be monitored include: if financing remains orderly, liquidation remains under control, and spot market-led buying exceeds leveraged shorts, the likelihood of a V-shaped recovery will increase.

Conclusion

Despite facing several down sessions, Hyperliquid (HYPE) still has the potential for a significant rebound. With support from staking and buyback activities, as well as price defense in the spot market, HYPE may see a price recovery soon. Investors and market watchers should continue to monitor internal and external indicators to make informed investment decisions.

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Reference

• NewsBTC. HyperLiquid HYPE Drops 6% to $45, But Analysts Say a 55-60% Rebound May Be Next. Accessed on October 9, 2025