Technical indicators confirm this bearish<\/strong> momentum. The RSI<\/strong> (Relative Strength Index) has slipped below the neutral 50 mark, while the MACD<\/strong> is dipping deeper, signaling a clear loss of momentum among buyers. Meanwhile, the CMF<\/strong> (Chaikin Money Flow) shows a score of -0.15, reflecting significant capital outflows.<\/p>\n\n\n\n However, the 6 hour chart could indicate a short term bounce over the coming weeks. Indeed, the 6H RSI has hit the oversold<\/strong> territory, which historically points to a local bottom<\/strong> (horizontal green lines). Furthermore, HYPE is sitting on a 6 hour order block between $33.50 and $34.80.<\/strong><\/p>\n\n\n\n A pullback into this area is still possible. But a return to this zone with a 6 hour RSI in oversold territory will offer an attractive entry point for a long position and a spot buy with a target of $49.<\/strong> The trendline at $37.80<\/strong> is also a new resistance level to watch.<\/p>\n\n\n\n For investors like the trader Picsou, the demand zone located between $29 and $33<\/strong> represents a major level of interest. Often referred to as the golden pocket according to Fibonacci<\/strong> retracements, this area could act as a robust support<\/strong> to halt the current drop.<\/p>\n\n\n\n However, analysts recommend not rushing in. As long as the price has not tested this liquidity with a clear rejection signal, the risk of a downside breakdown remains. A cautious approach is preferred to avoid catching a falling knife.<\/p>\n\n\n\n If buyers manage to defend this support, it could mark the end of the correction<\/strong> and offer an optimal entry point before the next rally. Otherwise, a deeper plunge toward new local lows cannot be ruled out. The liquidations<\/strong> heatmap indicates a final cluster of longs at $33<\/strong>, while HYPE swept those between $37 and $35<\/strong> overnight.<\/p>\n\n\n\n To invalidate this short term bearish scenario, Hyperliquid<\/strong> must imperatively execute a breakout<\/strong> above its local resistance<\/strong> located at $41.59<\/strong>. Overcoming this technical hurdle would prove that the bulls have regained control of the order book and that the momentum is reversing.<\/p>\n\n\n\n Once this level is shattered, the token would have a clear path to target its recent highs above $45<\/strong>, or even its ATH<\/strong> around $57. Trading volumes will play a decisive role in validating the strength and sustainability of this potential bounce.<\/p>\n\n\n\n![\"\"](\"https:\/\/media.investx.fr\/wp-content\/uploads\/sites\/5\/2026\/04\/03075609\/HYPEUSDT_2026-04-03_08-47-20-1024x764-1.jpg\")
<\/figure>\n\n\n\nAre buyers targeting the $32 zone?<\/h2>\n\n\n\n
![\"Hyperliquid](\"https:\/\/media.investx.fr\/wp-content\/uploads\/sites\/5\/2026\/04\/03075610\/MMT-Screenshot-20260403_084515-1024x574-1.jpg\")
<\/figure>\n\n\n\nCan HYPE reignite a rally and target new highs?<\/h2>\n\n\n\n