$HYPE has pulled back after reaching a new all-time high near $86.80, with the token trading around $81.30 as traders assess rising expectations for another U.S. interest-rate hike...
The move comes after HYPE gained roughly 70% from around $51 to its recent record. After such a sharp advance, some profit-taking was expected, while higher-rate expectations have added another layer of pressure across risk assets.
The key question now is whether HYPE can defend the $78-$80 support zone.
On the daily chart, HYPE remains within an ascending channel, keeping the broader bullish structure intact. The token is also trading well above its 50-day and 100-day moving averages, showing that the larger trend remains positive despite the recent pullback...
However, momentum has started to weaken. HYPE reached higher price levels while the daily RSI formed lower highs, creating a bearish divergence. This does not automatically confirm a reversal, but it suggests that buyers are losing some momentum after the rapid August rally...
The shorter-term chart presents a more constructive picture. HYPE has remained above its rising four-hour 50-period moving average near $79.50, while the latest recovery from around $80.20 suggests buyers are still defending the area...
A move back above $84 would strengthen the short-term recovery setup. Reclaiming the $86.80 record would then put the token in position to explore new highs.
On the downside, a confirmed daily close below $78 would weaken the current structure and could expose the next major support near $73.
For DeFi, the bigger picture remains important. Hyperliquid has established itself as a major onchain trading ecosystem, and continued activity across decentralized derivatives markets could remain an important fundamental factor for HYPE.
The immediate outlook therefore depends on the battle between strong DeFi activity and tightening macro expectations.
Key levels to watch:
$78-$80: Primary support zone
$73: Next support if $78 breaks
$84: Short-term recovery level
$86.80: Current all-time high
HYPE remains in a bullish broader structure, but the latest pullback shows that momentum is being tested. Holding $78-$80 could keep the path toward another record open, while a daily breakdown below $78 would increase the probability of a deeper correction...
#hype
#defi
