HYPE Comment and Price Analysis - October 23, 2025

HYPE/USDT Technical Analysis

Recently, a major development has taken place for HYPE. Hyperliquid Strategies has filed an S-1 registration with the SEC, aiming to raise up to $1 billion in capital. According to the filing, the funds will mainly be used for HYPE token purchases and to expand the company’s institutional crypto portfolio. The company currently holds 12.6 million HYPE tokens and about $305 million in cash reserves. This can be considered a strong signal of confidence in HYPE.

Analyzing the chart, we see that HYPE is still moving within a downward trend pattern.

The price is trading below the main descending trendline and is currently around $40.05. In the short term, a bounce seems likely. On the 4-hour chart, the price found strong support in the $36.45–$38.58 area, which is now an important demand zone. If the upward movement continues, the first resistance is near $41.37, while the main resistance zone sits between $43–$44. This area is critical because it combines both a horizontal resistance level and the descending trendline, making it a potential profit-taking zone.

So, the short-term upside potential remains open toward the $43–$44 range. However, as the price approaches that zone, selling pressure is expected to increase. If the price pulls back, $39.29 and $38.58 are short-term supports, while a deeper drop below $36.45 could increase risk.

Summary:

• HYPE is making a short-term recovery within a downtrend.
• $43–$44 is a key resistance and likely selling zone.
• Gradual upside movement may continue toward that area.
• Support levels: $39.29 → $38.58 → $36.45.
• A daily close above $44 could confirm a trend reversal; otherwise, downward pressure may persist.

These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.