{"id":1262,"date":"2025-05-28T17:50:47","date_gmt":"2025-05-28T17:50:47","guid":{"rendered":"https:\/\/bitunikey.com\/news\/heres-why-hype-price-may-drop-15-before-surging-to-50\/"},"modified":"2025-05-28T17:50:47","modified_gmt":"2025-05-28T17:50:47","slug":"heres-why-hype-price-may-drop-15-before-surging-to-50","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/heres-why-hype-price-may-drop-15-before-surging-to-50\/","title":{"rendered":"Here\u2019s why HYPE price may drop 15% before surging to $50"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Hyperliquid\u2019s token dropped sharply this week as its recent rally lost momentum and investors booked profits.<\/p>\n<p>Hyperliquid (HYPE) price dropped to $33.4, down by 15% from its highest point this month.\u00a0<\/p>\n<p>HYPE entered a correction for two main reasons. First, the pullback followed a sharp rally of over 330% from its April low, which had made it one of the top-performing tokens in the crypto market.<\/p>\n<p>It is common for a surging asset to retrace as investors take profits. The decline also reflects the concept of mean reversion, in which price returns toward its long-term moving averages after extreme moves in either direction.<\/p>\n<p>Second, HYPE price dropped as the recent crypto market rally faded. Bitcoin (BTC) fell to $107,400, one week after hitting a record high near $112,000. Meanwhile, the total crypto market cap dropped to $3.39 trillion.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Falling crypto prices affect HYPE because it may affect the volume on its platform. This trend has yet to reflect on Hyperliquid, where the daily volume rose by 62% to $11.25 billion.\u00a0<\/p>\n<p>Still, there are signs that the HYPE price will bounce back because of its market share in the perpetual futures market. It has handled transactions worth over $37 billion in the last seven days, much higher than Jupiter, Vertex Edge, and MYX Finance combined.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">HYPE price technical analysis<\/h2>\n<figure class=\"wp-block-image size-full\"><picture loading=\"lazy\" decoding=\"async\" class=\"wp-image-14383932\"><source type=\"image\/webp\" ><\/source><\/p>\n<\/picture><figcaption class=\"wp-element-caption\">HYPE price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The daily chart shows that the HYPE price bottomed at $9.3370 in April and then rebounded to a record high of $39.88 this month. It formed a cup-and-handle pattern whose upper side was at $28.31.\u00a0<\/p>\n<p>Since this cup had a depth of approximately 66%, measuring the same distance from the top of the cup projects a target of $47.<\/p>\n<p>The most likely scenario is that HYPE drops 15%, retests the $28.31 breakout zone, and then resumes its uptrend toward the $47 target. This pattern is known as a break-and-retest, where an asset breaks resistance, retests it as support, and continues in the direction of the original breakout.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Hyperliquid\u2019s token dropped sharply this week as its recent rally lost momentum and investors booked profits. Hyperliquid (HYPE) price dropped to $33.4, down by 15% from its highest point this&hellip;<\/p>\n","protected":false},"author":1,"featured_media":871,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1262","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1262","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=1262"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1262\/revisions"}],"predecessor-version":[{"id":1263,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1262\/revisions\/1263"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/871"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=1262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=1262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=1262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}