Hyperliquid price is displaying significant strength despite the broader market weakness as Bitcoin marks an interim low below $59,000. As the global financial markets have triggered massive volatility, the HYPE price has been rising, withstanding upward pressure. Moreover, the whales have been accumulating regardless of the recent market weakness that has caught massive attention.
This large-scale buying comes at a crucial time, as HYPE trades just above a key support zone after facing rejection from its recent highs near $75. Whale accumulation during corrections often reflects growing confidence in the asset’s long-term trend, but the price remains at a decisive point. The big question now is whether this buying pressure is enough to stop HYPE from slipping below the crucial $60 support.
Whale Accumulation Signals Strong Market Confidence
The recent on-chain activity suggests that larger players are treating the current pullback as an opportunity rather than a warning sign. Fresh on-chain activity shows a newly created wallet withdrawing 222,493 HYPE worth $14.41 million from Coinbase Prime. Another whale wallet received 44,986 HYPE worth $2.87 million from FalconX in the past few hours.
Such moves often reduce available supply in the short term, creating stronger support zones if buying continues. Historically, whale accumulation near support levels tends to act as an early sign of market absorption, where large holders step in before retail sentiment fully recovers. While this does not guarantee an immediate reversal, it often helps slow down downside momentum and stabilizes the price during volatile phases.
HYPE Price Analysis: Structure Holds, but Momentum Faces a Test
From a technical perspective, HYPE continues to trade within a broader ascending channel, which keeps the larger bullish structure intact despite the recent pullback. The token recently faced rejection near the upper channel resistance around $75, triggering a short-term correction toward the mid-channel support.
The current price action near $60–$63 is crucial, as this zone has acted as immediate support and aligns with the short-term structure. A strong defense here could provide the base for another upward move.
The CVD-based demand zones on the chart show strong buyer activity concentrated between $36 and $40, marking them as the strongest downside support levels if the correction deepens. This suggests that even if HYPE breaks below $60, the broader bullish structure may remain intact unless those lower zones are tested.
At the same time, the steadily declining Open Interest (OI) adds another layer to the analysis. While price remains relatively elevated, OI continues to trend lower, indicating that leveraged traders have been flushed out. This often creates a healthier market structure by reducing speculative pressure and lowering the risk of sharp liquidation-driven sell-offs.
Wrapping it Up: Can Whales Keep HYPE Above $60?
HYPE is now at a critical point where both whale activity and price structure are aligning. The recent accumulation suggests strong confidence from large holders, while the technical setup still favors the bulls as long as the ascending channel remains intact.
Bullish scenario: If HYPE manages to hold above the $60–$63 support zone and reclaim the $70–$75 resistance range, the price could resume its uptrend and target the upper channel resistance near $85–$90.
Bearish scenario: If the $60 support fails, the price could face a sharper correction toward the lower demand zones around $40–$36, where stronger buying interest may emerge.
For now, whales are clearly buying the dip—but the market still needs to confirm whether this is the start of another leg higher or simply a temporary pause before deeper downside.
Was this writing helpful?
Story Ends Here
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author’s own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Read the Next News
Credit: Source link