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Hyperliquid price drops below $40, signaling potential further decline toward $35 support level.

Technical Signals
30 Apr 2026
CoinPedia
View Source
Bearish
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Hyperliquid (HYPE) has fallen below the $40 support level following a rejection at $43.1 and significant selling pressure, including $2M in whale exits. The price broke down from a rising wedge pattern, with technical indicators like RSI turning bearish, suggesting momentum is weakening. If the price fails to hold the $38 support, it may continue to decline toward the $35 support zone, indicating a possible extended correction phase. Recovery attempts face resistance between $43 and $46, making the near-term outlook cautious for investors.

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