Hyperliquid\u2019s HYPE token fell about 7.5% over the past week, retreating from $83.55 to around $78.70 as legal concerns and weaker technical momentum weighed on its recent rally.<\/p>\n
\n Summary<\/span>\n <\/p>\n <\/p>\n Hyperliquid (HYPE<\/a>) price traded near $78.70 on Sep. 16 after falling from an opening price of $83.55 on Sep. 10. The move represented a weekly decline of about 7.5%, although the token remained well above its August trading range.<\/p>\n The correction followed HYPE\u2019s rally to a record high near $89 in early September. Daily candles show that buyers repeatedly failed to hold prices above the $88 area before sellers pushed the token below $82.<\/p>\n HYPE briefly dropped toward $76 on Sep. 16 before rebounding to around $78.70. The recovery showed that buyers remained active near the lower end of the week\u2019s range, but price had yet to reclaim the technical levels that would signal a stronger reversal.<\/p>\n <\/p>\n The pullback also followed federal charges against two former Robinhood engineers accused of using confidential listing information to trade perpetual futures on Hyperliquid.<\/p>\n Separate federal complaints alleged that Huaisong \u201cJerry\u201d Xiang and Hefu Chai traded ahead of Robinhood\u2019s public announcements. Prosecutors said each defendant earned more than $50,000 through the alleged activity. The allegations concern the individuals\u2019 conduct and do not accuse Hyperliquid or its developers of participating in the scheme.<\/p>\n The 4-hour chart shows HYPE trading below the Supertrend indicator, which had shifted to resistance at $82.30. The indicator will continue to favor sellers unless the token closes above that level and holds it as support.<\/p>\n HYPE\u2019s 4-hour Relative Strength Index stood at 47.77, while its RSI-based average was 45.16. The readings place momentum near neutral territory after recovering from a recent approach toward oversold conditions.<\/p>\n Price action has also formed a series of lower highs since the Sep. 7 peak. A rebound toward $80 stalled before reaching the Supertrend line, suggesting that sellers continue to defend rallies.<\/p>\n The $80 psychological level is the first barrier for buyers. A sustained move above it could allow HYPE to test the $82.18\u2013$82.30 area, where the daily Bollinger Band midpoint and 4-hour Supertrend resistance converge.<\/p>\n A close above that zone would weaken the bearish short-term setup and expose $84.30, followed by the upper Bollinger Band near $88.53. The record area between $89 and $90 would become relevant only if HYPE clears those intermediate levels.<\/p>\n The daily chart presents a less bearish picture than the 4-hour setup. HYPE remained above the lower Bollinger Band at $75.83 despite trading below the middle band at $82.18.<\/p>\n Daily RSI stood at 50.65, down from an overbought reading reached during the early-September rally. The indicator\u2019s average remained higher at 57.48, showing that momentum has cooled faster than its recent trend.<\/p>\n A daily close below $75.83 would mark a more serious technical breakdown. The next visible support zone lies around $72, where HYPE consolidated before its late-August advance. A deeper correction could then bring the $68\u2013$70 region back into focus.<\/p>\n The wider chart still shows a sequence of higher lows from the August bottom near $51. HYPE would therefore need to lose the mid-$70s support area before the larger recovery structure faces a clearer threat.<\/p>\n Holding $75.83 while reclaiming $82.30 would instead support a consolidation scenario between the lower and middle Bollinger Bands.<\/p>\n CoinGlass\u2019 24-hour liquidation heatmap shows a dense liquidity cluster between roughly $78.40 and $78.90, close to HYPE\u2019s current price. A second concentration appears between $79.70 and $80.50.<\/p>\n Those bands could attract price during a rebound because leveraged positions tend to accumulate around crowded levels. The heatmap does not show that all positions in those zones have already been liquidated; it identifies areas where forced closures could increase if price reaches them.<\/p>\n Above the market, the strongest nearby liquidity sits around $80.30. A move through that level could accelerate toward $81 and $82 as short positions face pressure.<\/p>\n Liquidity is also visible below price around $75\u2013$76, aligning with the daily lower Bollinger Band. A break under $77 could therefore expose HYPE to a sweep of leveraged long positions before buyers attempt another recovery.<\/p>\n Onchain Lens reported that Hyperliquid bought and burned 36,720 HYPE worth about $2.84 million during a 24-hour period, at a volume-weighted average price of $77.31.<\/p>\n\n
HYPE price retreats from record high<\/h2>\n
Short-term HYPE structure remains bearish<\/h2>\n
![\"HYPE](\"https:\/\/media.crypto.news\/2026\/09\/HYPEUSDT_2026-09-16_18-24-48.webp\")
Daily Bollinger support protects the larger uptrend<\/h2>\n
![\"HYPE](\"https:\/\/media.crypto.news\/2026\/09\/HYPEUSDT_2026-09-16_18-24-17.webp\")
Liquidation map places liquidity near $80<\/h2>\n
![\"HYPE](\"https:\/\/media.crypto.news\/2026\/09\/HYPE-Liquidation-Heatmap24-hour-2026-09-16_18_23_53.webp\")
Token burns offer support during the correction<\/h2>\n