Hyperliquid (HYPE) is attempting a recovery following a volatile December, with RSI levels showing a potential for short-term consolidation. The price has increased from oversold levels and now sits in a neutral zone, suggesting balanced market activity.
Daily flows hit a sharp negative record but have since stabilized, indicating more secure market sentiment. Future price movement depends on whether HYPE can surpass its resistance at $28.95 or will falter below $22 due to selling pressures.
Since mid-December, HYPE's RSI has consistently been neutral, suggesting a consolidation phase unless market sentiment changes significantly. Bullish momentum will need RSI to break above 50 for a stronger recovery.
In late November, HYPE enjoyed positive flows, indicating market interest, but suffered a major outflow on December 23. Markets have since stabilized, showing balanced sentiment without clear accumulation or selling pressure.
If HYPE can surpass resistance, it may target $31.40 and even $35.20 in a potential bullish phase. Conversely, if the downtrend continues, support at $22 could be tested, possibly falling to $14.99 if that level doesn't hold.
