Hyperliquid Predicted to Drop Below $45 in Five Days
Hyperliquid's price has been on a downward trend in recent days. According to CoinCodex, the cryptocurrency is down by -7.65% against the US Dollar and -5.15% against Bitcoin (BTC) today.
In their prediction model, CoinCodex forecasts that Hyperliquid will drop to $44.89 by August 1, 2026, representing a decrease of -19.68% from its current price of $55.31. This would be a continuation of the bearish sentiment in the market, with the Fear & Greed index reading at 30 (Fear).
The key support levels for Hyperliquid are currently at $58.58, $57.53, and $56.92, while the resistance levels are at $60.24, $60.85, and $61.89. The medium-term trend has been bullish, with a 36.19% increase in the last three months.
However, it's essential to note that the cryptocurrency market is unpredictable, and prices can fluctuate significantly. As always, it's crucial to consult independent professional advice before making any investment decisions.