HYPE Price Drops 6% Despite HyperEVM Launch—What’s Next? | Airdrop Alert Pro

Despite the launch of HypereVM, the price of HypereV (HYPE) has been reduced by more than 6% in the past 24 hours, which is designed to expand the platform’s defi Function. The integration of Ethereum Virtual Machine (EVM) capabilities is expected to bring programmability to a hyperliquid trading ecosystem.

However, technical indicators show signs of weakness, momentum fading and bearish signals appear. Whether HypereVM can drive the buying pressure of updates or a sustained downward trend is crucial to determining the next hype price.

Super Liquidity launches HypereVM as it continues to earn millions of dollars a day

Hypliquid has launched HypereVM, Marking a major step in integrating smart contract capabilities into its high-speed financial system. The upgrade brings Ethereum Virtual Machine (EVM) compatibility, allowing for decentralized applications while maintaining the platform’s transaction experience.

The initial mainnet release includes Safety Supported by high H consensus, seamless transfer between natural hype and HypereVM Hype and typical Whype system contracts to facilitate Defi activities.

Super fluid Continue to consolidate its position as one of the most relevant participants in Crypto, among the top 20 highest applications in the past week.

The platform has generated more than $8.5 million in revenue over the past seven days, surpassing well-known projects such as Essena and Marinate, while closing Maker, Bullx and Ethereum.

Super-liquid indicators indicate bullish pressure is not dominant

Hype DMI It indicates that its ADX has dropped to 10.6 from 18.9 four days ago, which indicates a weaker trend. ADX readings below 20 often indicate a lack of strong directional momentum, which means that current market movements lack beliefs.

Meanwhile, +di (23.3) remains slightly higher than -di (21.4), indicating that bullish pressure remains, but does not.

However, with Short-term EMA line Although higher than the long-term EMA, the market may face the risk of further weakness. If the short-term EMAS continues to decline, a bearish crossover may form, thereby enhancing downward pressure.

Hype RSI In just four days, it also dropped from 68 days to 33.1, reflecting the rapid loss of bullish momentum. Although the current readings are still above the 30 thresholds for overselling conditions, the sharp drop suggests that the seller has been in control.

If RSI continues to fall, hype prices may enter oversold territory, and if buyers step in, it may trigger a rebound. However, if bearish momentum persists, it may further indicate a low side before any meaningful recovery occurs.

The combination of attenuation trend intensity and decreasing RSI shows that Hype is in a fragile positionas traders keep an eye on signs of stability or further decline.

Phone price forecast: Will hyperliquidity rise above $30?

The EMA line of HYPE shows that a death cross may soon form due to a short-term EMAS trend downward and approaching a crossover below long-term EMAS.

This is usually a bearish signal that shows the potential for a weakening momentum and further decline. If the downward trend continues hype prices Support can be tested for $22.50. If that level fails, the price could drop further to $20 or even $18.89, marking the first drop to below $20 since late January.

The confirmed death cross will strengthen sales pressure, making recovery more difficult in the short term.

But if the launch of Hyperevm sparks interest in repurchasing, Hyperliquid may return to bullish momentum and push the first major resistance towards $27.4.

A breakout above this level could lead to a test of $28.3, if the bullish momentum comes with it, hype prices Levels not seen since December 2024 could exceed $30.

The market’s reaction to HypereVM launch will be key to determining whether hype is interrupted from the current downtrend or continues to face pressure.