The Hyperliquid (HYPE) market has been experiencing a bearish trend, with the price consistently posting lower highs and lower lows since breaking out of the $53 region. This has resulted in a clear bearish structure, with the price capped below the $28 high timeframe resistance. According to recent analysis, the price of Hyperliquid remains under pressure, with the bearish market structure keeping downside risk towards the $19 level in focus.
Current Market Analysis
Despite brief recovery rallies, the price has failed to regain significant resistance on a closing basis. The recent rejection at overhead resistance further confirmed the bearish trend and brought attention back to lower support levels as sellers remain in control of the broader structure. The main technical points of Hyperliquid price include a clear bearish structure defined by lower highs and lower lows, price trading below the upper resistance level at $28, and a confirmed bearish retest opening downside probability towards $19 support.
The breakout of the $53 mark marked a crucial change in the market structure of Hyperliquid. Since then, price action has failed to reach higher highs and instead continues to respect descending resistance levels. Any attempt at recovery was met with selling pressure, reinforcing the prevailing downtrend. Currently, the price is trading below the $28 resistance zone, a level that is significant from both a structural and volume-based perspective.
Bearish Structure and Downside Risk
The recent rise to $28 resulted in a fresh bearish test that briefly saw the price approach resistance before being repelled lower. This behavior confirms the formation of another lower high, a crucial signal that the bearish market structure remains intact. Lower highs within a downtrend typically act as continuation signals rather than reversal points. The price action and momentum analysis suggest that market participants remain cautious as sellers actively defend key levels and buyers are unwilling to commit to aggressive buying.
HYPEUSDT (1D) chart, source: TradingView
A continuation below the recent swing low increases the likelihood of further downward movement. If the structure remains unchanged, the price is likely to trend downwards in search of the next meaningful support zone. The next key area of interest is around the $19 level, which represents the next significant support below the current price. This zone is consistent with previous structural reactions and serves as a logical downside target within the broader bearish framework.
Downside Targets and Support Prospects
A move towards $19 would represent a continuation of the existing trend rather than an acceleration, consistent with the methodical nature of Hyperliquid’s decline. Should the price reach this area, market participants will watch closely for signs of demand or stabilization. However, until such signals emerge, downside risk remains dominant. There are currently no structural indications that the trend is weakening or that a sustainable trend reversal is emerging.
Upcoming Price Development
As long as Hyperliquid stays below the $28 resistance zone, the bearish outlook remains. Price action continues to favor further declines, with $19 serving as the next key near-term support target. A decisive reclaim of $28 on a closing basis would be needed to challenge the current bearish structure and initiate the possibility of a reversal. Until that happens, rallies are likely to be seen as corrective measures rather than the start of a recovery. For more information and updates on Hyperliquid price, visit https://crypto.news/hyperliquid-price-eyes-19-bearish-structure-intact/
