Technical analysis by Mike-BTD about Symbol HYPE: Buy recommendation (12/12/2025)
Hyperliquid still on a downtrend until its not.
HYPE is still moving within a clear descending channel, but the structure is starting to tighten. Price has bounced from the lower end of the channel and is now consolidating beneath mid-range resistance. This kind of compression usually precedes a larger move. Momentum is improving. Indicators are holding higher lows while price moves sideways, showing that downside pressure is fading. Selling into this area continues to get absorbed rather than accelerated. From a structure standpoint, holding the lower channel keeps the range-reclaim scenario intact. A push back through the middle of the range would shift the bias toward the upper end, while losing support would put the downtrend back in control. This is a key area where patience matters. Direction should become clearer on the next expansion. What’s your take on HYPE from here?