HYPE Price Faces Its First Major Test After the $77 Bounce

HYPE has recovered from $77 support, but bearish momentum divergence and overlapping resistance near $80.50 leave the next daily close as the decisive technical test. Key Takeaways HYPE bounced from overlapping support near $77. Bearish four-hour RSI divergence now warns buyers. HYPE traded near $80.50 at writing. Channel and Fibonacci resistance converge near $81. Next resistance spans $81.50 to $84. HYPE rebounds into a crowded resistance zone HYPE fell toward $77 before the decline slowed. This area combined prior horizontal support, the four-hour 200-period simple moving average and the lower boundary of the descending channel. No individual technical level guarantees that a price will hold. Their convergence, however, made $77 an area buyers were more likely to defend. The rebound has since carried HYPE to the opposite side of the channel, where resistance is considerably stronger. Bearish RSI divergence warns of weaker momentum The four-hour relative strength index, or RSI, has formed a bearish divergence. HYPE’s price produced a higher high during the recovery, while the RSI registered a lower high. This suggests that upward momentum has not strengthened alongside the price. Hyperliquid four-hour chart showing channel resistance and bearish RSI divergence. A bearish divergence does not always lead to a decline, but it becomes more relevant when it appears near resistance. A decisive break above the channel would weaken the warning, while rejection from the upper boundary would give it more weight. Why $80.50-$81 is the decisive resistance HYPE traded near $80.50 on Coinbase at the time of writing, placing it directly beneath the four-hour channel boundary around $80.50-$81. The daily 0.236 Fibonacci retracement also sits near $80.50. Hyperliquid daily Fibonacci retracement chart from TradingView. The Fibonacci retracement was drawn on the Coinbase HYPE/USD daily chart from the August swing low near $51 to the subsequent high around $89.60. Measuring that advance places the 0.236 retracement at approximately $80.50, the 0.382 level near $75 and the halfway retracement around $70.33. These levels show how much of the August advance HYPE has surrendered. Because the price fell below the 0.236 retracement and is now approaching it from underneath, $80.50 is acting as resistance. Rejection from this level would keep the deeper retracements near $75 and $70.33 relevant. Key HYPE levels $80.50-$81 Upper channel boundary and daily 0.236 Fibonacci retracement. $81.50-$84 Horizontal resistance, four-hour 50- and 100-period simple moving averages and a wider supply zone. $77 Horizontal support, four-hour 200-period simple moving average and channel floor. $75 and $70.33 Daily 0.382 and 0.5 Fibonacci retracement levels below current support. What would confirm a bullish breakout? To break the short-term downtrend, HYPE first needs a four-hour close above the channel. A daily close above $80.50 would provide stronger confirmation, particularly if a subsequent pullback holds that level as support.