HYPEUSDT | Hyperliquid Tests a Critical Support Zone After a Major Correction
**Market:** Hyperliquid / USDT
**Exchange:** KuCoin
**Timeframe:** Daily (1D)
**Date:** November 8, 2026
### 1. Market Structure
Following a strong recovery from the $52.010 area, Hyperliquid experienced a significant bullish rally, eventually reaching a major high near $97.197.
However, after reaching this level, bullish momentum began to weaken. Price failed to establish new highs and gradually shifted into a corrective structure, characterized by lower highs and increasing selling pressure.
The recent recovery attempt toward $88.020 was rejected, bringing price back toward the lower boundary of the current range.
### 2. Key Levels to Watch
- $97.197: Major swing high and key resistance.
- $88.020: Important resistance and recent recovery high.
- $75.550: Current support area and lower boundary of the recent range.
- $52.010: Major historical support and previous consolidation area.
### 3. Current Market Situation
HYPE is currently trading near $77.626, close to the important support zone around $75.550.
The recent rejection from $88.020 highlights the presence of selling pressure, while the current price action suggests that the market is approaching a technically significant area.
Although the broader rally from $52.010 to $97.197 remains visible on the chart, the short-term structure has become increasingly corrective.
The reaction around $75.550 may provide further insight into whether the market can stabilize or whether the correction will extend.
### 4. Potential Scenarios
**Scenario A – Support Holds**
If price maintains support around $75.550 and develops a sustained recovery, the market may attempt to revisit the $88.020 resistance area.
A recovery would represent a potential change in short-term momentum, but would not automatically confirm a full trend reversal.
**Scenario B – Support Breakdown**
If price breaks below $75.550 and establishes a sustained move beneath this level, it may indicate further weakness in the current structure.
In this case, the major support around $52.010 becomes an important lower reference on the chart.
### 5. Market Outlook
Hyperliquid has experienced a significant correction after its rally toward $97.197.
The rejection from $88.020 and the current test of $75.550 highlight the importance of the present price area.
At this stage, the market's reaction around support is more important than anticipating a directional move.
Whether this area holds or breaks may help clarify the next phase of market structure.
**The key level is clear. The market's reaction remains to be seen.**
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