Hyperliquid Price Prediction: HYPE Leads Losers With 8% Drop As Standard Chartered Predicts Rate Cut

The Hyperliquid price dropped 8% over the last 24 hours to trade at $27.80 as of 4:52 a.m. EST on trading volume that plunged 3% to $377 million.

The decrease in the HYPE price comes as the broader crypto space undergoes a correction, dropping over 1.5% in the last 24 hours to a market capitalization of $3.15 trillion. HYPE led the loses, while SPX6900 (SPX), Starknet (STRK), and Quant (QNT) dropped 8%, 6.8%, and 6.22%, respectively, according to CoinMarketCap data.

Meanwhile, Standard Chartered has predicted a 25-basis-point cut in interest rates. According to the bank, recent economic data is uncertain, but it believes a rate cut could be helpful.

Additionally, Standard Chartered also thinks that the Federal Reserve will keep rates steady through 2026 after finalizing Wednesday’s decision.

The prediction comes as the markets prepare for what could be the third Fed rate cut of 2025.

In most cases, interest rate cuts lead to increased short-term volatility in the crypto market.

HYPE Price Bearish After Prolonged Sell-Off

After failing to hold above $40, the HYPE price extended its downtrend throughout November and early December, falling sharply from its previous swing high near $59.

That correction has pushed the Hyperliquid token price deep into a long-lasting downtrend, with HYPE trading consistently lower within a clearly defined falling wedge pattern.

The recent drop brought HYPE to the lower boundary of the wedge, with the recent candle trading within the lower boundary of the patter. However, every time the price of HYPE has reached its lower boundary, the asset has recovered.

HYPE bulls are now aiming for a more decisive reversal, though they face significant overhead resistance. The 200-day Simple Moving Average (SMA), currently near $41.57, remains a key technical barrier that Hyperliquid’s price must reclaim to confirm a broader bullish shift.

Meanwhile, the 50-day SMA at $37.72 is slightly below the 200-day SMA, creating layered resistance and reinforcing the bearish outlook until it is broken.

In contrast, the Relative Strength Index (RSI) offers early support for a potential trend reversal. The RSI currently sits near 32, close to oversold territory, suggesting that selling pressure may be weakening and that buyers could regain control if momentum builds.

HYPE/USD Chart Analysis: TradingView

HYPE Price Prediction

According to the HYPE/USD daily chart, HYPE is approaching a critical juncture as it trades near the bottom of the falling wedge pattern.

If the HYPE price successfully rebounds from that level and breaks above the wedge’s upper boundary, Hyperliquid could stage a recovery toward the $35–40 resistance region, which falls within the 50-day SMA. A continuation of this upward push may enable Hyperliquid’s price to target the $39.81 level, further strengthening bullish conviction.

Conversely, if downward momentum persists, the next significant support lies within the $20–24 demand zone. This region has previously served as a strong cushion against sell-offs and may do so again in the event of a deeper retracement.