The price of Hyperliquid (HYPE) is attempting to recover after a turbulent December. The Relative Strength Index (RSI) for HYPE has increased from oversold levels, indicating potential consolidation in the short term. The platform's daily flows have stabilized following a record negative outflow in December. The RSI for HYPE is currently at 44.4, reflecting a balance between buying and selling pressure. Despite the recent increase in the RSI, bullish momentum is still subdued. The price could potentially test resistance at $28.95, with further targets at $31.40 and $35.20. However, if selling pressure intensifies, HYPE may test support at $22.00 and potentially decline further to $14.99.



Other News from Today