Hyperliquid rebounds from $75 as traders watch $83 resistance

Key takeaways

• HYPE rose 1.9% over 24 hours after bouncing from support near $75.
• The token needs to move above $83 to strengthen the case for a recovery.
• A break below $75 could expose the 200-day EMA near $67.50.

Hyperliquid’s HYPE token gained 1.9% over the past 24 hours after reaching a support area around $77, offering buyers a possible opportunity to halt a correction that began in late September.

The level also supported HYPE in mid-September, before the token climbed to a record high. Its latest bounce suggests buyers are again responding near that price, although a sustained recovery has yet to be confirmed.

The immediate test lies at $83. A move above that level would improve the short-term technical picture and could bring a higher target near $89 into focus.

HIP-3 trading activity offers support

Trading activity on Hyperliquid’s HIP-3 markets has remained relatively resilient despite a broader decline in open interest.

Open interest across the Hyperliquid blockchain fell approximately...