Hyperliquid Crypto Price Could Dip After TD Sell Signal, Analysts Eye $43 Support

The Hyperliquid crypto market has cooled after a steady multi-week rally. Sentiment is now slightly bearish, but analysts remain bullish in the long term. Strong on-chain data, dominant blockchain revenue, and active network growth further solidify Hyperliquid’s strong market position.

Hyperliquid Crypto Suggests Short-Term Cooling Phase

Hyperliquid price may experience a short-term pullback after a strong upward trend. Ali Charts noted TD Sequential 9 on the 12-hour chart, suggesting profit-taking.

Hyperliquid currently trades near $46.58, just below its recent high of $49.50. Notably, the TD signal usually occurs at local market tops, alerting traders to temporary exhaustion. Meanwhile, analysts have pointed out that these phases are typically followed by a period of consolidation before the next rally.

Despite this signal, the market structure for Hyperliquid crypto is still positive. Support levels have remained stable at $43-$44. This range has the potential to serve as a foundation for new buyers to build from prior to the next leg higher.

Such retracements enable momentum to reset while maintaining bullish market sentiment, Ali said. Historically, pauses like this are often short-lived, as the assets prepare for stronger follow-up moves when volume returns.

Hyperliquid Crypto Leads Global Blockchain Revenue Rankings

Fundamentally, Hyperliquid is still unmatched in terms of network performance and revenue generation. Recent data provided by Ryan Watkins reveals that Hyperliquid captures 33% of all blockchain revenue and is first among global blockchains.

According to Blockworks, Hyperliquid not only outperforms key competitors such as Ethereum and Solana in revenue growth but also in these key areas. Its green line in the total network revenue chart has remained consistent and continues to grow into the 2025 forecast.

Watkins noted that Hyperliquid’s revenue strength is tied to real network use rather than short-term speculation. This trend indicates high liquidity and transaction activity in its ecosystem. The income dominance of the blockchain demonstrates the trust of investors and the stability of the platform, even during periods of volatility.

Increasing Competition in the Perpetual DEX Market

Despite Hyperliquid’s favorable revenue position, competition in the DEX space is intensifying. Wise Advice revealed that Lighter Protocol has been responsible for driving trading volumes on perpetual exchanges for three consecutive days.

This presents a notable shift in user migration to other perpetual trading platforms. The heightened activity implies a growing demand for decentralized leverage products through these platforms.

However, Hyperliquid crypto still has notable market depth and liquidity. The fact that it has a sophisticated engine and is increasingly adopted by institutions is a clear advantage. While Lighter gains short-term traction, Hyperliquid’s technical stability and user loyalty add to its superior position.

Analysts Expect Pullback to Strengthen Market Setup

While short-term caution remains, analysts anticipate a return to strength in the near future. George validated his swing long position on HYPE, with an expectation of sustained upside momentum.

His chart indicates possible targets between $65 and $75, displaying optimism despite slight volatility. There is good support between $36 and $40, which suggests accumulation below current levels.

George’s analysis suggested that this consolidation could establish a platform for the next phase of the rally. If buyers can maintain control over $44, Hyperliquid price can retest resistance at $50 and target higher extensions.

Cumulatively, with the revenue leadership and network power still intact, the overall structure is bullish. Analysts believe that Hyperliquid’s pullback is likely temporary and intended to stabilize the chart before resuming momentum.