The subsequent rejection has pushed Hyperliquid toward the $77-$80 area, placing the next support zone under close watch.
Several technical analyses are now highlighting the $70-$75 region as a potential retracement area. The zone combines previously identified support with Fibonacci levels from the recent advance. If buyers defend that area, the current correction could eventually give way to another attempt at the $88-$90 resistance band.
The recent HYPE price rally accelerated after the token moved above $75, a level that had previously acted as resistance. Hyperliquid subsequently advanced toward $90 before momentum faded. Market data shows the token reached an all-time high of about $89.60 on September 6 before entering a pullback.
HYPE is testing the $77-$80 support zone after rejecting near $88, while its broader 12-hour ascending channel remains intact. Source: @HypedLaunches via X
The latest move has brought Hyperliquid back toward the $77-$80 region. In an analysis of the 12-hour chart, @HypedLaunches identified this area as an important support zone while noting that the broader ascending channel remained intact.
That setup matters because a correction inside an established channel does not automatically signal a trend reversal. Instead, the reaction around lower support could provide a clearer indication of whether buyers are still willing to defend the broader structure.
The $75 level has become one of the most closely watched areas in the current HYPE price prediction. @CopySkylerBFX highlighted $75 as key support after the token’s decline from the $90 region, while resistance and liquidity were identified around $88-$89.
Hyperliquid is forecast to correct toward the $75 support level, with $88-$89 identified as the key resistance and liquidity zone above. Source: @CopySkylerBFX via X
A separate TradingView analysis by AH_Roshani also places emphasis on the same area. Following the approximately 60% advance, the analyst described $75 as a strong support zone and argued that holding it would leave room for a recovery toward the previous high.
Recent market analysis has independently identified nearby levels between $70 and $76 as important downside areas. CoinMarketCap’s September 11 analysis, for example, highlighted $76 and $70 as support levels that could determine whether the broader uptrend remains intact.
The Elliott Wave scenario presented by Sophia-ElliottWave offers a more specific framework for the pullback. The analysis describes the current move as a possible Wave II correction on the eight-hour HYPE/USD chart.
The Wave II scenario identifies the $70-$75 range as the potential 38.2%-50% Fibonacci retracement zone, with the setup invalidated if HYPE moves above $90 or below $51. Source: Sophia-ElliottWave via X
Under that interpretation, the 38.2% Fibonacci level sits around $75, while the 50% retracement is near $70. Those levels therefore form a potential correction zone rather than a guaranteed price target.
The analysis also sets clear invalidation points. A move above $90 or below $51 would invalidate the proposed Wave II scenario, meaning subsequent price action would need to be reassessed rather than forcing the existing wave count to remain in place.
That distinction is important for a Hyperliquid price prediction because Fibonacci retracement levels identify areas where price may react, but they do not independently confirm a reversal.
For the bullish side of the Hyperliquid price forecast, the first challenge remains the resistance area near the recent high. Both the @CopySkylerBFX and AH_Roshani analyses point toward the $88-$90 region as the next important upside test.
Hyperliquid (HYPE) price chart. Source: Brave New Coin
A successful recovery toward that area would represent a meaningful move from the current support region. However, a return to $90 would not necessarily confirm a breakout. Hyperliquid would still need to overcome the supply that previously stopped the advance.
Previous market analysis has also identified heavy liquidity around $87-$90, reinforcing the importance of that zone. Crypto.news reported that Hyperliquid’s momentum weakened as it approached the record-high area, while liquidation clusters around $87 and $83.50 were identified as potentially influential short-term levels.
The current Hyperliquid (HYPE) price prediction largely depends on how the token behaves around $75 and the broader $70-$75 Fibonacci area.
A sustained defense of $75 would preserve the bullish structure described in the technical analyses and could open the way for a recovery toward $88-$90. A decisive break above that resistance could then put the September high back into focus.
Conversely, losing the $75 area would increase the significance of the $70 Fibonacci retracement. A deeper decline would weaken the short-term bullish setup and require traders to reassess whether the recent advance is still functioning as part of a broader uptrend.
For now, the evidence points to a market in correction rather than a confirmed trend reversal. The $70-$75 zone is therefore a key technical area to monitor, while $88-$90 remains the clearest upside hurdle. Price behavior around both zones should provide a stronger signal than any single Elliott Wave count or Fibonacci level.
