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Hyperliquid (HYPE) price drops below $85 amid ICE partnership uncertainty and upcoming token distribution.

Technical Signals
03 Nov 2026, 10:23 WIB
Crypto news
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Bearish
Hyperliquid (HYPE) price drops below $85 amid ICE partnership uncertainty and upcoming token distribution.

Hyperliquid (HYPE) fell 2.37% to $83.53 on November 3, breaking below the $85 support level due to technical selling, concerns over a proposed ICE U.S. trading platform, and an upcoming token distribution of 180,000 HYPE tokens on November 6. The ICE partnership, while still in place, faces regulatory hurdles that have tempered earlier optimism after an initial price rally. Analysts are watching support levels between $80 and $82, with mixed forecasts ranging from a potential drop to $60 if bearish patterns confirm, to a recovery above $100 if buying interest strengthens. Futures open interest declined despite rising trading volume, indicating cautious trader sentiment ahead of these developments.

Hyperliquid (HYPE) trades at Rp1.507.536 on Pluang as of Nov 03, 2026 15:31 WIB, down 3.71% on the day, slightly more than the article's noted 2.37% drop in USD terms. The circulating supply is 253.3 million out of a total 950.3 million HYPE tokens, with a market cap of Rp384.22 trillion. Despite the recent price weakness, Pluang order activity shows a stronger buying interest at 65% compared to 35% selling, and typical holding time is 38 days, indicating some investor confidence amid the current volatility.

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