Hyperliquid Price Forecast – HYPE Slides on Macro Weakness, Eyes $30 Support

Highlights:

• HYPE drops as market weakens, but falling volume points to strong holder confidence.
• Oil and traditional finance trading growth on Hyperliquid supports bullish long-term sentiment.
• HYPE risks falling to $30, while regulatory progress could revive upside momentum.

Hyperliquid (HYPE) is in the red today, a reflection of the selloff across the cryptocurrency market. When writing, HYPE was trading at $34.80, down by 5.99% in the day. At the same time, HYPE trading volumes have dropped significantly during the day. In the last 24 hours, HYPE trading volumes have dropped by 20.7% to stand at $275.3 million.

The drop in trading volumes is an indicator that even though prices are going down, the average HYPE holder is not looking to sell. That’s a positive indicator of the expectation that HYPE could do well long term. There are several factors that support the confidence HYPE holders have, even under current market conditions. 

Hyperliquid Price Falls as Broader Market Weakness Hits Crypto

The first is the fact that the weakness across the market has nothing to do with Hyperliquid but broader market price action. The broader cryptocurrency market now trades in the overall direction of US stock markets. In the last 2 days, 31 March and 1 April, US indices rallied. This was mainly driven by hopes that the war was coming to an end.

However, US stocks are starting to weaken again, and by extension, cryptocurrencies. If the stock market rebound turns out to be a false one and they enter a bear market, cryptocurrencies could be headed lower as well. For Hyperliquid and other altcoins, this could mean lower prices in the short to medium term.

$HYPE

We’ve been holding around $38 for a while now.

The longer price holds under resistance without dumping, the more likely we break higher later.

But I’d be careful here, especially with all the manipulation lately.

Wouldnt be surprised to see a move into $35–34 first to… https://t.co/cOkt4OmOfN pic.twitter.com/VWVFfUb2k7

— Havoc.hl 𝕏 (@Havochl_) March 30, 2026

Hyperliquid’s Growth Beyond Cryptocurrencies Could Trigger Rebound

Despite these macro price drivers, HYPE holders are confident because HYPE is increasingly rising above the cryptocurrency market. Currently, Hyperliquid’s trading volumes come more from traditional assets than cryptocurrencies.

For context, in the last 24 hours, the number one driver of liquidation data on Hyperliquid has been oil. President Trump’s speech on Iran triggered an increase in the price of Brent Crude to north of $106. The price rally saw over $403 milion in oil short liquidations. Of these numbers, $46.6 million happened on Hyperliquid, with $17.17 million happening in a single trade.

SHORT AS MUCH OIL AS YOU CAN

TRUMP WILL BE LEAVING IRAN IN 2-3 WEEKS, EXPECT THE PRICE OF OIL RO RETURN TO BELOW $70

THIS IS FREE MONEY! pic.twitter.com/jX2Z9yk1qr

— Laanie (@cryptolaanie) March 31, 2026

Such moves point to the growing adoption of Hyperliquid, which also means more fees long term. Since these fees are paid in HYPE, the more non-cryptocurrency assets get traded, the more HYPE grows. 

Improving Regulatory Environment Could Push Hyperliquid Price Higher

The growing adoption of Hyperliquid is happening at a time when the laws around cryptocurrencies are getting better. The US currently has one of the most pro-cryptocurrency administrations in place, and has already passed several laws and regulations that favor the market.

There is also one more coming up, the Clarity Act, that is set to give real structure to the cryptocurrency market. The implication is that over $2 trillion could flow into cryptocurrencies in the short to medium term.

For a cryptocurrency like HYPE that already has strong core fundamentals, this could trigger a new wave of institutional capital flow. Since HYPE has deflationary tokenomics, rising demand if the Clarity Act passes could pave the way for a rally to prices above $100 in the foreseeable future. 

Technical Analysis – HYPE Bears Gain Control After Breaching Key Support

HYPE has been on a strong downtrend after breaching the $37.46 support on 30 March. If bears sustain the momentum built up so far, a correction to the $30.30 support could follow.

However, if there is a rebound, the key level to watch would be $37.46, now resistance. If bulls are strong enough to push HYPE through the $37.46 resistance, a rally to $42.11 could follow. On the other hand, if bulls fail at $37.46, a consolidation around this price level could follow. Of these three scenarios, a drop to the $30.30 support is more likely. That’s because the broader market appears to be weakening after an attempt at a rebound on the last day of March.