<ul data-eligibleForWebStory="true"><li>HYPE coin has surged by 48% in the last 30 days, making it the 11th largest cryptocurrency by market cap.</li><li>After reaching an all-time high price of $45, HYPE has dropped by 12% and fallen below the $40 support level.</li><li>The recent dip in HYPE's price is attributed to profit-taking by investors and the Middle East crisis.</li><li>Analysts predict further downward movement for HYPE in the near term.</li><li>HYPE's Open Interest (OI) has decreased by nearly 8% to $1.91 billion, indicating declining interest in the coin.</li><li>With the $40 support level breached, traders are eyeing the next major support level around $36 for HYPE.</li><li>Sell signals from indicators like MACD and RSI suggest a strong bearish momentum for HYPE.</li><li>The 50-day Exponential Moving Average (EMA) stands at $32.01, while the 100-day EMA is at $27.41 for potential support levels.</li><li>HYPE's performance is influenced by the broader cryptocurrency market and geopolitical events like the Middle East crisis.</li></ul>

Hyperliquid price forecast: HYPE pauses price discovery after its ATH

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