Date: Wed, Sept 24, 2025 | 05:56 AM GMT
The cryptocurrency market is under notable selling pressure, with Ethereum (ETH) sliding over 6% this week, dropping below the $4,175 level. Following this, major altcoins are also taking a hit — and Hyperliquid (HYPE) is no exception, which is already in a competitive race with the newly launched Aster (ASTER) DEX Perp platform.
HYPE has seen a sharp decline of around 18% over the last seven days. However, the latest chart formation suggests that a potential rebound may be on the horizon.
Broadening Wedge Setup in Play
HYPE’s daily chart highlights a classic ascending broadening wedge — a structure that reflects both volatility and investor uncertainty. Although often considered bearish, it can also lead to sharp upside moves before a potential breakdown.
The latest decline started after HYPE was rejected from the upper trendline near $59.45 on Sept 18, triggering a steep correction toward the wedge’s lower boundary. At present, HYPE is testing this critical lower trendline support around $43.59, which aligns closely with the 100-day moving average ($44.25).
This confluence of support zones makes the current level a decisive point for the token.
What Comes Next?
If buyers manage to defend the wedge’s lower boundary and keep HYPE above the 100-day moving average, the token could attempt a recovery toward the mid-range resistance near $56–58, with the potential of retesting the upper wedge boundary toward the $68+ zone. Such a move would open the door for a possible new all-time high.
On the flip side, if the $43–44 support fails to hold, the wedge’s bearish implications could play out, dragging the token down toward the deeper support zone of $28–26. Such a drop would mark a significant correction and shift sentiment sharply bearish.
Hyperliquid (HYPE) now stands at a make-or-break point. The coming sessions will determine whether this wedge pattern sparks a strong bounce back — or if a breakdown sends the token into a deeper pullback.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
The opinions and market insights shared on CoinsProbe represent the views of individual authors based on prevailing market conditions at the time of publication. Cryptocurrency investments carry significant risk and volatility. Readers are encouraged to conduct their own research and seek professional financial advice before making investment decisions. CoinsProbe and its contributors do not accept responsibility for financial losses or decisions made based on published content.
CoinsProbe may publish sponsored articles, affiliate links, or promotional collaborations. All sponsored material is clearly labeled to maintain transparency with our audience. Our editorial decisions remain fully independent, and advertising partnerships do not influence reviews, rankings, or published opinions.
Since 2023, CoinsProbe has delivered reliable insights on cryptocurrency, blockchain, and digital assets. Our content is created by experienced researchers and analysts who follow strict editorial standards focused on accuracy, transparency, and credibility. Every article is carefully reviewed and verified using trusted sources and current market data. We provide unbiased analysis and timely updates covering everything from emerging crypto projects to major industry developments.
