Hyperliquid price prediction – Is HYPEs 27% crash really a buying opportunity?
After rallying more than 3x since the February low of $20 to $75, Hyperliquid [$HYPE] has seen rising profit-taking. It has now fallen by 27% and traded at $55.7 as more whales booked profit. Unsurprisingly, the recent sell-off also coincided with Bitcoins extended losses. This suggested that the dump was a broader risk-off move and not specific to the Hyperliquid ecosystem. That said, the $HYPE pullback retested the golden ratio or the 50%-61.8% Fibonacci level zone, which is typically associated with potential rebounds if it holds as support. This coincided with the $48-$55 price zone when measured from the February lows and June highs. Source: $HYPE/USDT, TradingView If defended, the zone could be of key interest to the bulls, especially swing traders or long-term holders. A sustained dip below $48 would invalidate the bullish outlook. In fact, such a bearish move would embolden short sellers to eye $40 and $36 (200-day MA, blue) levels. Institutional $HYPE demand slows down The pullback also coincided with a broader cooldown in spot ETF inflows. Last Friday, the products saw their first daily net outflow, worth about $3M. On Tuesday, there was zero flow, according to Soso Value data. Source: Soso Value This contrasted with the strong inflows seen in May, which drove