HYPE Price Consolidates After Major Outflows | Airdrop Alert Pro

Hyperliquid (HYPE) price is trying to recover as market activity stabilizes after a volatile December. HYPE rises from oversold relative strength index It is currently at the 44.4 level, indicating a possible consolidation in the short term.

The platform’s daily traffic hit a negative record of -$243 million on December 23 and has since remained balanced between -$18 million and $28 million, reflecting more stable market sentiment. With key resistance at $28.95 and support at $22, the coming days may determine whether HYPE can sustain its recovery or face further losses.

HYPE RSI has been neutral since December 15

HYPE, one of the biggest airdrop In 2024, its relative strength index (RSI) currently stands at 44.4, which is significantly higher than the 32.8 in recent days. RSI is a widely used momentum indicator that measures the speed and magnitude of price movements on a scale of 0 to 100.

Values ​​below 30 indicate oversold conditions, indicating a possible price rebound, while values ​​above 70 indicate overbought conditions, often indicating a potential pullback. RSI is 44.4, Hype Still in neutral territory, indicating balanced buying and selling pressure.

From December 15th, super fluidity The RSI has been hovering in neutral territory, reflecting the lack of strong momentum in either direction. This neutral positioning suggests that HYPE is likely to continue to consolidate in the near term, barring a major shift in market sentiment.

While the recent rise in the RSI suggests a slight increase in buying pressure, it remains below the key threshold of 50, indicating that bullish momentum remains waning. For HYPE to gain stronger upside momentum, its RSI needs to break above the bullish zone above 50, which could fuel further price action.

Superfluid reaches negative record

super fluidity On November 29, 2024, its flows reached a record high of $181 million, reflecting significant trading activity and investor interest. Following this peak, the platform experienced traffic fluctuations, with daily traffic consistently remaining positive at over $70 million between December 11 and 16.

These flows are a measure of net capital entering or exiting the platform, providing insights into market sentiment and liquidity. Positive capital flows often indicate growing interest and confidence, supporting price stability or growth.

However, on December 23, Hyperliquid recorded a massive outflow of $243 million, setting a negative milestone. Fund flows have since stabilized, fluctuating between -$18 million and $28 million. This stabilization suggests that market sentiment is balancing out, with neither strong accumulation nor strong selling pressure dominating, following massive outflows.

In the short term, this may mean Hype price Consolidation is likely to occur as the market seeks balance. A further rise in flows could reignite bullish momentum, while continued negative flows could signal potential downside risks.

HYPE Price Forecast: Will the Downtrend Continue?

Hype price It is currently trying to reverse the recent downward trend and resume upward momentum. If the recovery continues, the price could test resistance at $28.95, suggesting that the previous rise wasn’t just about airdrop.

A successful break above this level could pave the way for further gains. The next targets at $31.40 and $35.20 signal a stronger bullish phase.

Conversely, if the downtrend continues and selling pressure intensifies, HYPE may test immediate support at $22.00. If this support fails to hold, the price could fall further to $14.99, a significant correction of 37%.