Hyperliquid Price Slides as Bearish Market Structure Eyes $19.75

Hyperliquid's market performance continues to demonstrate weakness, retreating from the $27.39 resistance level. As lower lows form, the high-time-frame support at $19.75 has emerged as the next crucial downside target.

Key Takeaways

Hyperliquid's price has shown persistent weakness, forming lower lows after a rejection from the $27.39 resistance level.
The downtrend targets $19.75, which serves as important high-time-frame support.
If the price drops below $22, the likelihood of reaching $19.75 increases significantly.
The market's structure continues to favor bearish movements until Hyperliquid can reclaim key resistance zones.

Hyperliquid's price has been consistently bearish as it rejected the resistance at $27.39, leading to the formation of lower lows. This indicates that sellers are maintaining control and that a continuation of the downward trend is likely.

The bearish sentiment intensified after Hyperliquid couldn't stay above the high area of value and faced strong resistance around $27.39. This significant rejection acted as a turning point, leading to a more extensive corrective movement that drove the price back below essential value levels.

Hyperliquid bearish market structure indicated further downside

Hyperliquid

Technical Insight on Hyperliquid’s Price Performance

Hyperliquid price continues lower as bearish market structure targets $19.75 - 1
HYPERLIQUID (4H) Chart, Source: TradingView

Following the rejection at the $27.39 resistance—which corresponded with the value area high—Hyperliquid's bearish momentum picked up pace. This rejection is significant as it highlighted a failed attempt to regain higher value. In a firm market, reclaiming the value area high usually leads to growth into higher price levels. However, in weaker markets, failing at the value area high often causes a sharp return to the range, maintaining downward pressure.

In this case, Hyperliquid showed a brief effort to climb higher but did not maintain that position. The rejection confirmed insufficient demand at higher prices, suggesting proactive defense of the level by sellers. Following this failed attempt, the price rotated lower, emphasizing the continuation of the bearish trend.

Such behavior is typical in bearish markets: the price tries to rally, fails at resistance, and subsequently continues to establish new lows as buyers struggle to regain significant value zones.

Focus Shifts to $19.75 High-Time-Frame Support

If the price drops below the $22 mark, the next critical downside target is $19.75, which is a vital high-time-frame support zone within the broader trading range. This support level is crucial since major support zones typically trigger at least a temporary reaction. Even during strong downtrends, prices often pause or rebound at high-time-frame support levels due to profit-taking and short-covering actions.

Nonetheless, if the bearish momentum persists and trading volume increases on the decline, the $19.75 level may be tested aggressively. The response at this point will be crucial in determining whether Hyperliquid can establish a base or if it will venture further into a bearish expansion.

A bounce from $19.75 would suggest that the range remains intact and that the price might seek stabilization. Conversely, breaking below $19.75 would signal a more profound structural failure and increase the chance of further declines.

Continuous Bearish Market Structure Remains

The ongoing bearish environment is evident because Hyperliquid has yet to shift its market structure. The price chart continues to indicate that: Until Hyperliquid can reclaim essential resistance levels and establish higher lows, the market perspective remains bearish. Even if there is some temporary stabilization, the overall framework still points toward continued downside unless structural changes occur.

Future Price Action Expectations

Currently, Hyperliquid is entrenched in a bearish trend, and the price action indicates a descent as long as it stays under resistance levels and below the value area low. The $22 swing low is a crucial level to keep an eye on—if there’s a confirmed breakdown here, a move toward the $19.75 high-time-frame support is likely.

For any bullish reversal to emerge, Hyperliquid would need to regain significant resistance levels and break free from the pattern of lower highs. Until such changes materialize, sellers will likely remain in command, and downside targets will continue to be pursued.