$HYPE Stalls Near $90 as ETF Inflows Slow and Technical Indicators Turn Cautionary

Hyperliquid's ($HYPE) price is struggling to break through the $90 barrier despite continued institutional interest and positive ETF inflows. According to data from CoinGlass, $HYPE-focused exchange-traded funds (ETFs) attracted $12.27 million in net inflows last week, marking a fifth consecutive week of positive flows. However, this figure was sharply below the previous week's $56.86 million, indicating that investor enthusiasm has moderated following the token's recent rally.

The participation of established financial firms such as Wealth High Governance, OLP Capital, UBS, Bank of Montreal, and Jane Street in $HYPE-focused investment products is a clear indication of increasing institutional interest in Hyperliquid. This interest is not limited to just investment; discussions are ongoing about bringing Hyperliquid-related products and services into the regulated US market.

The technical indicators suggest that buyers may struggle to sustain the rally without a decisive breakout. The Relative Strength Index (RSI) stands near 58 on the 4-hour chart, indicating cooling buying momentum. Meanwhile, the Moving Average Convergence Divergence (MACD) indicator has moved marginally below its signal line, reinforcing the possibility of a short-term loss of momentum.