#Hyperliquid 📉 Hyperliquid ($HYPE ): 23% Drop Expected? Analysis and Forecast
Today, the Hyperliquid market is showing signs of cooling. Despite an overall growth of 64% over the past year, the short-term forecasts look quite gloomy.
📍 Current indicators (as of May 12, 2026):
• Price: $40.21 (-3.83% in 24h)
• Forecast for May 17: $31.36 (-23.17%)
• Market sentiment: Bearish
• Fear and Greed Index: 49 (Neutral)
🔍 Technical analysis: why is the market skeptical?
1. The predominance of bearish signals: 17 technical indicators indicate a decline, and only 8 indicate growth. This is 68% of negative expectations.
2. Moving averages: HYPE is trading below the 200 SMA ($34.01), which is a classic signal of a long-term "bearish" trend. Although the price is still above the 50 SMA, the short-term MA3, MA5 and MA10 are already signaling a sell.
3. Oscillators: RSI is at 52.00 (neutral zone), which means there is no oversold - that is, the price still has room to fall.
⚖️ Key levels for traders:
• Support: $40.90 | $39.78 | $38.68
• Resistance: $43.12 | $44.22 | $45.33
⚠️ Summary
Although the coin has added 37.83% over the past 3 months, the next 5 days may be volatile. If the forecast comes true, we will see a return to levels around $31.