New Lows Drive Hyperliquid (HYPE) Down 4.4% to $40.3500

Hyperliquid (HYPE) trades at $40.3500, down 4.4% in the past 24 hours, as conviction shifts bearish. The longer timeframes are no longer offering support, and the market is experiencing a significant downturn. Conditions have deteriorated since the previous analysis, with Hyperliquid (HYPE) breaking below the previous low of $41.8100. The current price of $40.3500 indicates a loss of support, and the market is now targeting $39.00 as the next level. The price change is a result of new shorts entering, confirmed by rising open interest. The market structure of Hyperliquid (HYPE) is bearish, with a lower high at $42 and a lower low at $41. The EMA bias is bearish, with a deviation of -3.4%, and the EMA99 slope is declining at a rate of -0.21%/14 candles. The timeframe confluence shows a bearish signal on the daily and 4H timeframes, with a neutral signal on the weekly and 1H timeframes. There is no exhaustion signal, indicating that the trend momentum is intact. The condition has been ongoing for 2 candles, or 8 hours, and estimates suggest that the downside momentum could continue for around 4 candles, or 0.7 days. The derivatives market for Hyperliquid (HYPE) shows a strong new longs entering, with open interest rising by 4.55% and unconfirmed. However, the funding rate is stable at +0.000083%, indicating low risk. The CVD is neutral, with a slope of 149.9, and the VWAP position is 2.3% above the VWAP price of $39.45. The liquidity pools for Hyperliquid (HYPE) show significant levels above $41.40, with two touch counts at this level. There are no active order blocks detected. The volume profile indicates a high-volume node (HVN) at $42.42 and a low-volume node (LVN) at $39.92. The smart money divergence is not significant, and the candle delta shows 29% buy volume and 21% sell volume. The macro sentiment for Hyperliquid (HYPE) is neutral, with a Fear & Greed score of 49. Historically, this level has signaled a cautious approach from investors. The price projection for Hyperliquid (HYPE) is down to $39.00, with an invalidation level of $41.00 and a timeframe of 4-12 hours. The confidence level for this projection is medium. The path of least resistance for Hyperliquid (HYPE) is lower until buyers show up with volume. Until then, every bounce is a selling opportunity. The market is currently experiencing a significant downturn, and it is essential to monitor the market closely for any signs of reversal. --- *This analysis is generated automatically by the nobl.rb lab market engine. It is intended for informational and educational purposes only, and does not constitute financial advice, investment recommendations, or trading signals. Always conduct your own research before making any financial decisions.*