Although the cryptocurrency market is generally stable, Hyperliquid is performing surprisingly poorly, with its value (HYPE) dropping below the important $40 level. This sharp decline is difficult to understand, as overall investor confidence in digital currencies hasn’t dropped enough to account for it.
HYPE attempted to break past the $44-$45 range earlier this month but couldn’t maintain that upward movement. It’s now trading around $39. The decline became more notable when the price fell below a recent upward trend that had been supporting its recovery since March.
What’s strange about the recent drop in price is the overall market situation. Despite continued interest in meme coins, Bitcoin staying strong, and many other cryptocurrencies looking positive, assets like Hyperliquid – which usually do well due to institutional investment and excitement around ETFs – are surprisingly falling in value. HYPE actually started declining *before* the broader market showed any real weakness.
Hyperliquid (HYPE) Loses $40 Threshold, Ethereum (ETH) Price Bounce Receives Boost, Shiba Inu (SHIB) Rally Struggles: Crypto Market Review
Schwartz: Ripple Doesn’t Control Consensus
The chart is currently showing less strength than it was a few days ago. The asset has lost some of its recent upward drive, and the price has dropped below the 50-day moving average, heading towards support around $37. The Relative Strength Index is also decreasing, moving towards a neutral level.
As an analyst, I was watching the $40 level closely. It wasn’t just a number; it represented a key psychological point – essentially the middle ground between continued gains and a potential, more substantial downturn. Once that $40 support level was broken, selling pressure immediately increased and buyers stepped back.
The recent downturn might not be a major shift in the market, but could instead be a temporary flush of selling. Hyperliquid is currently holding above a key technical indicator, and the overall trend from February remains intact. However, it’s important to be cautious. If Hyperliquid can’t quickly recover to $40, the market could shift its attention to the $37-$36 support level, which will be the next important price point to watch.
Ethereum’s stabilization is a question of time
Unlike previous times when Ethereum’s price dropped, it’s recently managed to bounce back and regain key support levels, and we’re seeing a significant increase in trading volume.
For months, Ethereum had been moving within a narrow price range with little trading activity, meaning any attempt to rise quickly was easily stopped. The recent increase in trading volume is a positive sign, and the price chart now looks different – suggesting a potential shift in trend.
Ethereum’s price has recovered from around $2,000 and is now stabilizing near the $2,300 level. Importantly, during this increase, buyers pushed the price above both the 50-day and 100-day moving averages. While this doesn’t guarantee a full turnaround, it significantly improves Ethereum’s technical outlook compared to the drop seen in February.
Ethereum’s recent price increase is notable because it’s been struggling to gain strong momentum. Previously, traders often sold off their holdings when the price approached a downward-sloping trendline, and price increases didn’t last. This latest move suggests that investors are now willing to buy into rallies instead of immediately selling, which is a positive sign.
As an analyst, I’m watching Ethereum closely, and it’s currently running into a tough resistance zone between $2,300 and $2,350. It’s still trading below its 200-day moving average, which suggests we need to be cautious about a larger uptrend. However, what’s interesting is that instead of falling into oversold territory, the Relative Strength Index (RSI) has leveled off in a neutral to slightly positive range. This, combined with momentum indicators no longer showing extreme bearishness, suggests the downward pressure might be easing.
Staying power is now key. If Ethereum can continue to make higher lows and break through the downward-trending resistance, the market might settle in for a longer recovery period. A sustained move above the 200-day Exponential Moving Average would be the next major target for those optimistic about Ethereum’s price. Right now, the most important takeaway is that Ethereum is finally seeing the increased activity it needed. While this price increase hasn’t been definitively confirmed, it looks more promising than previous recovery attempts.
Shiba Inu’s recovered potential
Shiba Inu’s price is struggling to move higher, and its recent gains appear to be slowing down. While the price did manage to stop falling after a long downturn earlier in the year, it’s now facing resistance and losing the upward momentum needed to break past a key technical level.
SHIB has been slowly climbing for several weeks and is now trading between $0.0000063 and $0.0000064. Initially, the price increase looked good, with buyers steadily pushing the price up towards key averages. Since March, the price has consistently made higher lows, and trading has become less volatile.
The 100-day EMA remains a key obstacle for SHIB. Every time the price has tried to break above this level, it’s either stopped or quickly fallen back down, and the latest attempt was no different. This moving average is still acting as a resistance level, preventing SHIB from starting a strong and lasting upward trend.
This situation could be dangerous for those betting prices will rise. When an asset repeatedly tries to surpass a certain price point but fails, buyers often lose interest, and sellers become more determined to maintain that price. If trading volume doesn’t increase during these attempts, the upward trend could lose all its strength.
While the overall market isn’t performing badly, SHIB is still struggling. Despite continued interest in altcoins and a stable Bitcoin, SHIB hasn’t shown strong signs of breaking through its resistance level, suggesting traders lack strong confidence in its upward momentum.
The market is losing steam, as shown by weakening momentum indicators. While the Relative Strength Index (RSI) is still slightly positive, it’s no longer climbing rapidly, suggesting that the force behind recent price increases is leveling off.
For SHIB to start climbing again, buyers need to push the price decisively above the 100-day EMA with strong trading volume. Without this clear signal, the recent price increase could just be a temporary bounce before the overall downward trend continues.
Read More
- Total Football free codes and how to redeem them (March 2026)
- Pixel Brave: Idle RPG redeem codes and how to use them (May 2026)
- Clash of Clans May 2026: List of Weekly Events, Challenges, and Rewards
- Last Furry: Survival redeem codes and how to use them (April 2026)
- COD Mobile Season 4 2026 – Eternal Prison brings Rebirth Island, Mythic DP27, and Godzilla x Kong collaboration
- Gold Rate Forecast
- Top 5 Best New Mobile Games to play in May 2026
- Farming Simulator 26 arrives May 19, 2026 with immersive farming and new challenges on mobile and Switch
- Painful truth about Alexa Demie after she vanished… then emerged with drastic new look: Insiders spill on Sydney Sweeney feud and Euphoria star’s plan for revenge
- Debunking AI: Euphoria Star Chloe Cherry Reveals Her Faye Headcanon Going Into Season 3
2026-05-14 03:16