Hyperliquid Price News: HYPE ‘Death Cross’ Brings Bullish Opportunities

Hyperliquid’s HYPE token is retesting a key support cluster on its four-hour chart that has repeatedly preceded short-term rebounds.

HYPE Fractal Hints at Rebound Toward $68

The HYPE/USD pair is attempting to stabilize near $63 after falling from its mid-June high near $77, with the latest pullback bringing the price into a major technical support zone on the four-hour chart.

The support cluster comprises the 200-period exponential moving average (20-period EMA, the green wave) near $62.18, the 0.382 Fibonacci retracement near $62.14, and its prevailing descending channel’s lower boundary, making the $62 area a key support confluence.

The main signal is HYPE’s 20-4H/50-4H EMA death cross, a bearish crossover showing weakening short-term momentum.

In previous cases, HYPE fell after this signal, but the declines were short-lived. The selloffs pushed RSI below 30, forming local bottoms before sharp rebounds.

This time, the fractal is not complete. HYPE’s RSI is near 35, meaning the token is weak but not yet oversold. That leaves room for more consolidation around the 200-4H EMA near $62 before a stronger rebound attempt.

A successful bounce from the $62 support cluster could lift HYPE toward the 20-4H and 50-4H EMAs near $67–$68. That zone also aligns with the 0.236 Fib level and the descending channel’s range target.

A breakout above the channel would open the door toward $70–$72. But losing the 200-4H EMA could invalidate the fractal and expose HYPE to $57.56.

HYPE’s Three-Day Chart Flags $57 Retest

HYPE’s three-day chart points to more short-term downside before the broader uptrend resumes.

The token has rejected the $70–$73 area twice in June, while its RSI has cooled from overbought levels. That raises the odds of a pullback toward the 20-period EMA on the three-day chart near $57.50.

The level also aligns with the 1.618 Fib extension near $57.49, making it the first major downside target.

A rebound from there would keep HYPE’s higher-timeframe bullish structure intact. But losing $57 could expose the 50-3D EMA near $47.