Feb 12, 2026
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BEARISH 📉 : HYPE Token Faces Pressure Amid Broader Market Weakness
HYPE, the token for the Hyperliquid ecosystem, is experiencing price pressure due to market weakness and technical sell signals. The token's price is near critical support levels around $25.
HYPE Price Trends
- Current trading price: $28.6, down from recent highs and 51% below its peak in September 2025.
- 24-hour trading volume exceeds $285 million, indicating active participation despite declines.
- Technical indicators suggest bearish momentum, with resistance above current prices and support between $24–$26.
- Leverage flushes and large liquidations contribute to downward pressure.
DEX Growth and Exchange Share
- Hyperliquid's trading volume reached $2.6 trillion in 2025, double that of Coinbase.
- Increased trader activity on decentralized exchanges, especially in perpetual futures.
- Permissionless markets (HIP-3) hit a $5.2 billion daily trading volume, driven by precious metal contracts like silver.
Future Support Levels
- The $25–$26 support zone is crucial; breaching it could reveal support near $22.
- Stabilizing above this range might lead to accumulation if market conditions improve.
