HYPE Price Drops 15% in 7 Days Amid Transparency Criticism | Airdrop Alert Pro

The price of Hyperliquid (HYPE) has fallen by nearly 15% in the past seven days, taking its market capitalization to $6.8 billion and dropping it from the 25th spot among the top 20 cryptocurrencies. This decline comes amid growing criticism over transparency and centralization issues in projects.

Despite the downward trend, technical indicators are showing opposite signals. The DMI suggests the bearish momentum is continuing, while the BBTrend suggests stabilization is possible. Whether HYPE can reverse its current trend will likely depend on the return of investor confidence and the overcoming of existing market challenges.

The downward trend in super-liquidity is getting stronger

Average Directional Index (ADX) Hype It has climbed to 27.5 from 12.6 on January 7, indicating that the trend is strengthening. ADX is a technical indicator that measures the strength of a trend, regardless of its direction, on a scale from 0 to 100. Values ​​above 25 indicate a strong trend, while values ​​below 20 indicate weak or lack of momentum.

The increase in ADX indicates that HYPE’s current downward trend is strengthening, reflecting heightened market activity and consolidating bearish control.

Supporting this, +DI, which represents buying pressure, has fallen sharply from 24.3 to 10.9 over the past three days, highlighting the weakening bullish sentiment. In contrast, -DI, ​​which measures selling pressure, surged from 18.1 to 30.9 over the same period, indicating intensified bearish activity.

This shift in the directional indicator confirms that sellers are in control of the market and could push super fluidity Unless buying pressure picks up significantly, further declines are expected. The rise in ADX, combined with the fall in +DI and the rise in -DI, ​​suggests that the downtrend will continue in the short term.

Positive BBTrend brings hope to HYPE

A superliquid is one of the largest liquids airdrop The BBTrend for 2024 is 5.9, a steady increase from yesterday’s 0.27. BBTrend is derived from Bollinger Bands and measures the strength and direction of a trend. Positive values ​​indicate bullish momentum, while negative values ​​indicate bearish conditions.

HYPE’s BBTrend remained negative between December 26 and January 7, reaching a low of -14.7 on December 28, reflecting significant bearish pressure during that period.

The recent move into positive territory suggests selling pressure may be easing, although HYPE remains in a downtrend and is down nearly 15% over the past seven days, Criticism over transparency and decentralization concerns.

Improvements in BBTrend may indicate a possible stabilization or shift in mood. If BBTrend continues to rise, it could signal an opportunity for price recovery. However, sustained buying interest is needed to offset the existing bearish momentum and confirm a reversal.

HYPE Price Forecast: Will the Downtrend Continue?

HYPE’s downward trend looks set to continue as its Total value locked (TVL) has dropped to its lowest point in a yearits short-term EMA line has crossed below the long-term EMA line.

This bearish pattern suggests downside momentum is building, with $14.99 identified as the next key support level. If this level cannot be maintained, Hype price It may face further declines, possibly to $12, a sharp 40% correction from current levels.

Conversely, if HYPE manages to reverse the trend, it could retest resistance at $22. A break above this level, coupled with strong upward momentum, could push the price to $29 and possibly even above $30, putting HYPE back in the top 20 Altcoins in the market.

Such a recovery would bring HYPE closer to levels maintained in late December 2024.