{"id":8590,"date":"2026-04-24T05:29:05","date_gmt":"2026-04-24T05:29:05","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=8590"},"modified":"2026-04-24T05:29:05","modified_gmt":"2026-04-24T05:29:05","slug":"hyperliquid-hype-holds-above-40-as-futures-activity-stalls","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=8590","title":{"rendered":"Hyperliquid (HYPE) holds above $40 as futures activity stalls"},"content":{"rendered":"

<\/p>\n

\n
\n
\n\"Analyzing\n<\/picture> <\/div>\n<\/p><\/div>\n

Key takeaways<\/span><\/p>\n

    \n
  • Hyperliquid holds steady around $40 on Thursday, up 1.1% in the last 24 hours.<\/span><\/li>\n
  • The negative funding rate gives HYPE a mixed signal in the market.<\/span><\/li>\n<\/ul>\n

    Hyperliquid (HYPE) is trading around $40.95 at press time on Thursday, stabilizing after a 3%+ gain in the previous session.\u00a0<\/span><\/p>\n

    While the decentralized exchange (DEX) token has managed to hold recent levels, weakening retail demand in the leverage market and a developing rising wedge pattern on the chart are keeping the broader outlook neutral-to-bearish.<\/span><\/p>\n

    HYPE\u2019s futures market suggests a cooling demand<\/h2>\n

    HYPE initially attracted strong retail interest during heightened geopolitical tensions around the US\u2013Iran situation and the Strait of Hormuz, as its platform enabled 24\/7 trading of commodities such as oil and precious metals.\u00a0<\/span><\/p>\n

    However, as geopolitical pressure eased following signals of extended diplomatic timelines, speculative interest in the token has started to fade.<\/span><\/p>\n

    Data from <\/span>CoinGlass<\/span> shows HYPE futures open interest at about $1.63 billion, moving mostly sideways\u2014an indication that trader participation has plateaued.\u00a0<\/span><\/p>\n

    Meanwhile, the funding rate sits at -0.0061%, suggesting a growing tilt toward short positioning as traders increasingly bet on downside risk.<\/span><\/p>\n

    Technical outlook: Bears could push the price lower<\/h2>\n

    The HYPE\/USD 4-hour chart is bearish and efficient as HYPE remains supported above both the 50-day Exponential Moving Average (EMA) near $38.46 and the 200-day EMA around $34.51.\u00a0<\/span><\/p>\n

    The 4-hour structure is forming a rising wedge pattern, typically considered a bearish setup when momentum weakens. The momentum indicators also paint a bearish picture.\u00a0<\/span><\/p>\n

    The MACD remains in negative territory, signaling fading bullish strength, while the RSI at 47 reflects a growing bearish condition.\u00a0<\/span><\/p>\n

    \"HYPE\/USD<\/p>\n

    If the sellers remain in control, they would encounter immediate support at the trendline near $40.33. A break below this level could open a path toward the 50-day EMA at $38.46, followed by stronger support near the 200-day EMA at $34.51.<\/span><\/p>\n

    However, if the bulls push higher, resistance is first seen at $43.71, with further upside capped near $45.77 at the upper trendline boundary.<\/span><\/p>\n

    \n
    \n
    Share this article<\/h6>\n
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    Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n

    Analysis,Hyperliquid#Hyperliquid #HYPE #holds #futures #activity #stalls1777008545<\/p>\n","protected":false},"excerpt":{"rendered":"

    Key takeaways Hyperliquid holds steady around $40 on Thursday, up 1.1% in the last 24 hours. The negative funding rate gives HYPE a mixed signal in the market. Hyperliquid (HYPE) is trading around $40.95 at press time on Thursday, stabilizing after a 3%+ gain in the previous session.\u00a0 While the decentralized exchange (DEX) token has<\/p>\n","protected":false},"author":1,"featured_media":8591,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":{"0":"post-8590","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eurozone"},"yoast_head":"\nHyperliquid (HYPE) holds above $40 as futures activity stalls - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"Hyperliquid is trading above $40, but the declining futures activity and the rising wedge signals a potential bearish trend.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=8590\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hyperliquid (HYPE) holds above $40 as futures activity stalls\" \/>\n<meta property=\"og:description\" content=\"Hyperliquid is trading above $40, but the declining futures activity and the rising wedge signals a potential bearish trend.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=8590\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-24T05:29:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/04\/ChatGPT-Image-Apr-23-2026-08_11_59-AM.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1536\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=8590\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=8590\",\"name\":\"Hyperliquid (HYPE) holds above $40 as futures activity stalls - 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