The Hyperliquid price today is trading near $33.85 after a volatile reversal from sub-$32 levels earlier in the week. Following a multi-day correction from the $46 peak, Hyperliquid price action has found temporary stability just above a key support cluster.
As traders assess why Hyperliquid price going down today, momentum remains divided, with bears still in control on higher timeframes while short-term charts hint at potential recovery.
What’s Happening With Hyperliquid’s Price?
The Hyperliquid price has staged a modest rebound after hitting a low of $31.23 on June 21. This level aligns with a significant liquidity zone and marks the bottom of a previous bullish imbalance visible on the 4-hour structure. The bounce has carried price back toward the $34–$35 resistance zone, which now serves as the immediate hurdle for further upside.
Looking at the broader chart, the daily candle structure shows a clear descending channel following a breakdown from the $45.90 swing high. Despite strong bullish activity throughout May, recent sell pressure has reversed a significant portion of those gains, with the Hyperliquid price update now reflecting a 25% drop from local highs.
Indicators Suggest Bearish Momentum Is Easing
On the 30-minute chart, RSI has returned to a neutral zone at 52.13 after printing multiple bullish divergences between June 20 and 21. These setups correspond with the bottoming pattern near $31, which triggered the current bounce. MACD on the same timeframe has crossed into positive territory, with the histogram trending upward, indicating improving momentum in the short term.
On the 4-hour chart, however, momentum remains mixed. The Chande Momentum Oscillator is recovering but still prints a value near -5.73, suggesting a lag in broader trend reversal. The Supertrend indicator also remains red, with resistance overhead at $37.40, signaling that bullish conviction is still absent on a macro level.
Bollinger Bands are beginning to widen again after compression during the consolidation phase, which could indicate incoming Hyperliquid price volatility. The mid-band at $35.45 and upper band near $38.98 will be key targets if the recovery sustains.
Structure Breakdown and Supply Zones in Focus
The most recent Hyperliquid price action shows a bounce from a clean demand zone around $30.80–$31.30. This area is supported by historical smart money concepts (CHoCH + BOS) and aligns with the lowest liquidity sweep on the 4H chart. On the upside, price now faces layered resistance between $34.50 and $35.80, which aligns with the lower boundary of the previous supply zone.
From a trend structure perspective, the diagonal resistance from the June 15 breakdown remains unbroken. A decisive breakout above $36 would be needed to shift short-term sentiment back in favor of bulls. Until then, price remains in a corrective phase within a larger bearish cycle.
Why Hyperliquid Price Going Down Today?
The decline in the Hyperliquid price today stems primarily from sustained profit-taking after the May–June surge. The sell-off intensified following a failure to hold above $44.00, which was previously the upper breakout zone from the ascending wedge. Multiple bearish rejections from $42.50–$43.20 fueled a sharp decline, exacerbated by weakening volume and negative divergence on RSI.
The DMI on the 4-hour chart shows strong -DI (41.40) dominance over +DI (10.47), further confirming active bearish strength.
Hyperliquid Price Forecast: Can Bulls Hold $33?
While price is showing signs of short-term recovery, it is too early to confirm a full reversal. The recovery from $31 is encouraging, especially given the cluster of bullish divergences and RSI lift. However, for upside momentum to be sustainable, bulls must reclaim and hold the $35.50 level — a zone backed by the 20/50 EMAs and mid-band resistance.
If price rejects from $35.50 again, downside risks remain toward $32.00 and the previous low at $30.80. Below that, the next support band lies between $28.00 and $26.20.
On the flip side, a clean breakout above $37.40–$38.00 would re-open the door to retesting the $40.00–$43.20 structure. In that case, renewed Hyperliquid price spikes could fuel momentum toward the $45–$47 range, provided broader market conditions are supportive.
Hyperliquid Technical Forecast Table: June 22
| Indicator/Zone | Level (USD) | Signal |
| Resistance 1 | 35.50 | EMA cluster and Bollinger mid-band |
| Resistance 2 | 37.40 | Supertrend ceiling |
| Support 1 | 32.00 | Rebound zone |
| Support 2 | 30.80 | Previous demand / liquidity sweep |
| RSI (30-min) | 52.13 | Neutral, slight bullish tilt |
| MACD (30-min) | 0.195 | Bullish crossover |
| Bollinger Bands (4H) | 31.92–38.98 | Widening, volatility return |
| DMI (+DI / -DI, 4H) | 10.47 / 41.40 | Bearish pressure still dominant |
| Vortex Indicator (4H) | VI+: 0.89 / VI–: 1.10 | Weak bullish response |
| Supertrend Resistance (4H) | 37.40 | Major trend barrier |
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