\n<\/p>\n
Hyperliquid\u2019s native token, HYPE, is going through a correction in the past couple of days after charting a new all-time high at almost $46.<\/p>\n
At the time of this writing, the cryptocurrency is trading below $37, marking a decline of around 20% in the past 48 hours.<\/p>\n Many have taken to X to speculate on the ongoing correction. Some traders outline the serious nature of the move and predict<\/a> prices as lo as \u201clow-mid 20\u2019s.\u201d<\/p>\n Commenting on the matter was also Altcoin Sherpa, who said<\/a>:<\/p>\n \u201cHYPE is pulling back a bit, I think that this thing goes to low $30s if BTC continues to bleed and chop around. Still, it\u2019s 1 of the best coins this cycle and I think it\u2019ll eventually go much higher. I\u2019ll still keep a bunch of it staked for now.\u201d<\/p>\n Byzantine General also chipped in on the matter, outlining the importance of the long-term trendline that started forming in April. He\u2019s of the opinion that breaking below this trendline won\u2019t be a good sign, especially as open interest is building up.<\/p>\n Pretty important level for $HYPE<\/a> with a serious OI build up.<\/p>\n It better not break that trend. pic.twitter.com\/Xp5jJqr5s6<\/a><\/p>\n \u2014 Byzantine General (@ByzGeneral) June 19, 2025<\/a><\/p>\n<\/blockquote>\n Data from HyperDash shows that the majority of the traders (51%, at the time of this writing) are short, with 31% of the open interest covered.<\/p>\n It\u2019s also worth noting that the Hyperliquid<\/a> Assistance Fund bought back another $2 million worth of HYPE today, as reported<\/a> by Tobias Reisner. This is because 97% of the fees generated by traders on the platform go back toward buying back the token.<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n <\/p><\/div>\nHow Low Can HYPE\u2019s Price Go?<\/h2>\n
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![<\/a>Source: Hyperliquid<\/figcaption><\/figure>\nHow Low Can HYPE\u2019s Price Go?<\/h2>\nMany have taken to X to speculate on the ongoing correction. Some traders outline the serious nature of the move and predict<\/a> prices as lo as \u201clow-mid 20\u2019s.\u201d<\/p>\nCommenting on the matter was also Altcoin Sherpa, who said<\/a>:<\/p>\n\u201cHYPE is pulling back a bit, I think that this thing goes to low $30s if BTC continues to bleed and chop around. Still, it\u2019s 1 of the best coins this cycle and I think it\u2019ll eventually go much higher. I\u2019ll still keep a bunch of it staked for now.\u201d<\/p>\nByzantine General also chipped in on the matter, outlining the importance of the long-term trendline that started forming in April. He\u2019s of the opinion that breaking below this trendline won\u2019t be a good sign, especially as open interest is building up.<\/p>\n\nPretty important level for $HYPE<\/a> with a serious OI build up.<\/p>\nIt better not break that trend. pic.twitter.com\/Xp5jJqr5s6<\/a><\/p>\n\u2014 Byzantine General (@ByzGeneral) June 19, 2025<\/a><\/p>\n<\/blockquote>\nData from HyperDash shows that the majority of the traders (51%, at the time of this writing) are short, with 31% of the open interest covered.<\/p>\nIt\u2019s also worth noting that the Hyperliquid<\/a> Assistance Fund bought back another $2 million worth of HYPE today, as reported<\/a> by Tobias Reisner. This is because 97% of the fees generated by traders on the platform go back toward buying back the token.<\/p>\n\nSPECIAL OFFER (Sponsored)<\/span><\/center>\nBinance Free $600 (CryptoPotato Exclusive): Use this link<\/a> to register a new account and receive $600 exclusive welcome offer on Binance<\/b> (full details<\/a>).<\/p>\nLIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n<\/p><\/div>\n](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-19-at-16.17.15.png\"){kind=link}