by Coinstrooper Crypto Articles
Quick Take
  • HYPE price prediction faces a key test as analysts label the current $42 levels a “golden buy-the-dip zone” before a potential rebound toward $55.
  • Technical patterns reveal HYPE following its fourth 20% retracement cycle within three months, historically preceding new all-time highs.
  • HYPE faces intensifying competitive pressure as ASTER DEX surpassed Hyperliquid in daily perpetual trading volume on September 24.
  • The milestone was a major shift in market perception, with ASTER processing over $13 billion compared to Hyperliquid’s reduced activity levels.

What Happened

The partnership, combined with CZ’s YZiLabs backing, positions ASTER to effectively challenge Hyperliquid’s market dominance.

Market Context

HYPE price prediction faces a key test as analysts label the current $42 levels a “golden buy-the-dip zone” before a potential rebound toward $55.

The assessment comes amid intense competition from ASTER, which processed over $13 billion in daily perpetual futures volume, more than doubling Hyperliquid’s trading metrics.

HYPE faces intensifying competitive pressure as ASTER DEX surpassed Hyperliquid in daily perpetual trading volume on September 24.

The milestone was a major shift in market perception, with ASTER processing over $13 billion compared to Hyperliquid’s reduced activity levels.

Market sentiment around HYPE has turned cautious, with social media narratives declaring “it’s over for Hyperliquid” following ASTER’s surge in volume.

The user growth contrasts with current price weakness, suggesting market overreaction to competitive threats rather than fundamental deterioration.

Institutional confidence also remains evident through HYLQ Strategy Corp’s continued accumulation, as it purchases 5,000 additional HYPE tokens at an average price of $45.32, bringing its total holdings to 53,961, despite market pessimism.

Channel structure analysis reveals HYPE trading within well-defined ascending boundaries since the June lows, around $30.

Why It Matters

HYPE Technical Patterns Suggest Consolidation Before Recovery

The current positioning within this triangle suggests a potential for similar breakout patterns once consolidation completes around the support levels.

As it stands now, the potential for a deeper decline toward the $28-30 support zone, although analyst assessment suggests this scenario remains unlikely, as RSI readings around 40-50 indicate oversold conditions without reaching extreme territory.

Details

Technical patterns reveal HYPE following its fourth 20% retracement cycle within three months, historically preceding new all-time highs.

ASTER Gains Ground While HYPE Seeks Bottom

The narrative shift creates selling pressure; however, HYPE’s strong fundamental metrics remain intact.

ASTER’s competitive advantage stems from Trust Wallet integration, providing 100 million users with direct access to perpetual contracts.

HYPE maintains platform superiority in several key metrics, including daily active users, which have reached new all-time highs.

HYPE’s chart structure reveals a consistent 20% retracement pattern following each all-time high, achieved over three months.

The current decline from $61.65 peak represents a 25% correction, slightly deeper than historical precedent but within consolidation parameters.

The ascending triangle formation provided multiple successful breakouts to new highs throughout the advance.

Fibonacci retracement analysis identifies $42.898 as the 0.5 level, aligning with Ali Chart’s assessments of “golden buy-the-dip zone” territory.

The 0.618 retracement at $46.178 currently provides immediate support.

The lower channel boundary coincides with current support levels, maintaining an overall bullish framework despite recent weakness.

Fundamental Metrics Support HYPE Recovery Prospects