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Hyperliquid's HYPE token drops 7.8% amid wider crypto market slump, holding near $77 support level.

Market News
06 Nov 2026, 07:15 WIB
CryptoTicker
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Bearish
Hyperliquid's HYPE token drops 7.8% amid wider crypto market slump, holding near $77 support level.

Hyperliquid's HYPE token fell 7.8% to around $77, mirroring a broader crypto market decline led by Bitcoin and Ether. The drop is attributed to general market pressure rather than any platform-specific news. Hyperliquid's Assistance Fund holds 48.7 million HYPE tokens, automatically buying back tokens with trading fees, which helps reduce supply but hasn't reversed the downward trend. Key support levels are $76 and $74.36, with resistance near $85. The token's price movement depends heavily on Bitcoin's performance and overall market conditions.

Hyperliquid's HYPE token shows a market cap of Rp356,75 trillion and a 24-hour trading volume of Rp27,02 trillion on Pluang as of Nov 06, 2026 12:31 WIB. The token's price is down 7.58% in the last day, trading at Rp1.399.899, with a circulating supply of 252.9 million out of 950.1 million total HYPE tokens. Pluang data also shows a buy order activity of 64% versus 36% sell, and typical hold time on the platform is 38 days, indicating active trading interest despite the recent price decline.

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