HYPEUSDT under pressure: Critical support in jeopardy, $26 million whale facing liquidation🐋
HYPEUSDT under pressure: Critical support in jeopardy, $26 million whale facing liquidation
Hyperliquid native token HYPEUSDT is currently undergoing the most critical technical test since 2026📉, with the price breaking below the 50-day exponential moving average, and the market structure and derivatives sentiment deteriorating in sync⏳. As of the time of writing, HYPE is around $28.85, with the weekly decline expanding to about 10%, as selling pressure continues to crush dip buying⚖️.
50-day EMA lost and immediate risk level🔻
The decisive break below the 50-day EMA ($28.85) marks a turning point into a bear market for HYPEUSDT⚠️. The technicals show a negative divergence forming at the 200-day EMA at $32.75, highlighting the severity of the current downtrend📊. Analysts have locked their sights on the December 21 low support area of $23.58 — once breached, the next liquidity zone will be directly targeting $20.82 (last October's low)🎯.