Crypto market watcher Steve (@Steve_Cryptoo) expects the Hyperliquid (HYPE) token to rise fast to $100. At the time of posting, HYPE traded near $40.30. He called prices below $70 a “decent buy.”
The 30-minute chart shows a key horizontal support zone around $39–$40. The token briefly dropped below this level on June 18, then reversed. The move appears to be a liquidity sweep, often seen before upward price shifts.
An orange circle highlights the reclaim, and the arrow projects a move toward $46. If HYPE holds this zone, a breakout may follow.
The first hurdle is $46. Beyond that, psychological resistance could appear at round numbers like $50 and $70. Steve targets $100, which implies over 140% upside.
Volume remains low during the recovery, which may delay confirmation of a breakout. A volume surge would support the current bullish structure.
HYPE RSI Dips Below 40, Shows Bearish Momentum Weakening
The Relative Strength Index (RSI) chart forHYPE/USDT reveals that momentum remains weak but could shift soon. As of June 19, the RSI stands at 38.21, while the moving average of the RSI sits at 43.13.
HYPE’s RSI line crossed below the 40 level, indicating rising bearish pressure. However, the current value has not yet entered the official oversold territory, which starts below 30. This suggests the token is close to a possible short-term reversal zone, but not there yet.
The RSI remains under its 14-day moving average, showing that HYPE’s strength continues to lag behind recent trends. This confirms a downward momentum bias. Until the RSI crosses above the moving average, the token may struggle to reclaim upward force.
In past instances—such as May 27 and June 6—the RSI approached similar levels and bounced higher shortly after. If this pattern repeats, HYPE might stage a recovery soon, especially if price support zones hold.
The RSI chart signals weak momentum but hints at possible reversal if buyers step in and push RSI above 40 again.
HYPE DMI Chart Shows Bearish Control Gaining Strength
The Directional Movement Index (DMI) chart for HYPE/USDT shows a rising bearish trend as of June 19. The red line (+DI) has crossed above the orange line (ADX), while the blue line (–DI) remains low.
The +DI stands at 26.31, slightly above the ADX at 25.13. The –DI trails at 11.87. When +DI rises and stays above both the ADX and –DI, it signals directional strength, but the context here suggests selling strength instead.
The ADX line rising above 25 shows the trend is gaining momentum. Since the +DI is leading, the strength favors downward pressure. Traders usually interpret this as the start of a trend phase—either a strong drop or strong continuation if a decline was already in motion.
The –DI value has fallen below 12, suggesting buyers are retreating or inactive. Until the blue line rises again, any bullish reaction may stay weak. A trend reversal would need the –DI to cross both other lines again.
This DMI chart supports the broader signal that HYPE may remain under pressure in the short term, unless directional strength fades.