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Hyperliquid's HYPE token drops to key support as staking rises 40%, signaling holder confidence amid correction.

Technical Signals
24 Jul 2026
AMBCrypto
View Source
Neutral
pluang ai news

Hyperliquid's HYPE token resumed its decline, returning to a critical support zone between $52 and $58. Despite the price drop, long-term holders increased staking by 40%, locking up around 436 million tokens, which reduces available supply and may help stabilize the price. A major stake of 1.49 million HYPE was split across wallets, indicating long-term holding rather than short-term trading. The key support zone near $52, aligned with the 200-day EMA, will be crucial; holding it could lead to recovery, while breaking below may deepen the correction.

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