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Hyperliquid Prices Cool Down After All-Time High
Hyperliquid (HYPE), the cryptocurrency that soared to an all-time high last week, experienced a decline in value in the following days. After reaching an impressive peak of around $39.93 on May 26, 2025, the price of Hyperliquid started descending.
As of May 29, the price had retreated to approximately $34.74. The price action around this period was centered on the crucial support levels of $30–$35, a battlefield for bulls looking to regain the momentum [3].
Predictions for June 2025 suggest that the price might drop further, with one forecast indicating a possible decline to $24.70 by June 3. Another prediction anticipates prices fluctuating between $29.34 and $28.14 in the short term [1][5].
Despite the correction, the broader trend remains bullish, with the continuous upward trajectory depicting a positive outlook for the cryptocurrency [3]. However, short-term indicators suggest a diminishing momentum, with the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) hinting at an exhaustion near the $35.50 resistance [3].
The price adjustments could be attributed to the market's response to the recent surge, as Hyperliquid navigates through this inflationary period [3]. Given the volatility associated with the cryptocurrency market, investors are advised to exercise caution and monitor the situation closely.
Investors tracking the cryptocurrency market are observing a possible drop in Hyperliquid (HYPE) prices, with predictions suggesting a decline to $24.70 by June 3. Despite this, the broader trend for Hyperliquid remains bullish, making blockchain-based finance and investing in cryptocurrency a potentially lucrative but risky endeavor.
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