Hyperliquid USD Falls 4.2% to $88.08 as ADX Signals Strong Downtrend

By Danny Kontos

October 8, 2026

02:28 AM

3 min read

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Key Points

HYPEUSD fell 4.2% to $88.08 in 24 hours with no news catalyst.

ADX at 34.59 confirms strong downtrend and MACD turned negative.

One-month forecast is $82.13, down 6.7% from current price.

Trading volume surged 34% above average to 950.2 million.

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Hyperliquid USD fell 4.2% to $88.08 in 24 hours, sliding from an open of $91.98. No single news event explains the move. The decline occurs as the coin trades below its 50-day average of $84.63 and faces headwinds from both short-term technicals and longer-term forecasts that point lower.

What the technicals reveal about the selloff

The ADX stands at 34.59, indicating a strong downtrend is in place. MACD has turned negative, with the histogram at -0.71 as the signal line (4.11) crossed above the MACD line (3.40). Price sits at $88.08, well above the lower Bollinger Band at $75.74 but below the 50-day moving average, suggesting room to fall before finding support.

RSI and momentum show mixed signals

The RSI at 52.89 sits in neutral territory, neither overbought nor oversold, suggesting the selloff lacks extreme momentum. The Stochastic %K at 59.10 and %D at 65.29 point to mild selling pressure. The Awesome Oscillator at 5.04 remains positive, hinting that underlying momentum has not fully reversed despite the price decline.

Hyperliquid USD forecast points to further weakness

Meyka’s one-month forecast is $82.13, a 6.7% decline from current levels. The 12-month forecast of $64.79 implies a 26.4% drop, suggesting sustained downside pressure. Forecasts may change due to market conditions, regulations, or unexpected events.

Volume and market structure

Trading volume hit 950.2 million, 34% above the 30-day average of 705.4 million, indicating active participation in the selloff. The market cap stands at $29.7 billion. The coin remains 10% below its year high of $97.98 set earlier in 2026.

Final Thoughts

HYPEUSD is in a confirmed downtrend with strong ADX and negative MACD, but the RSI remains neutral and price has not yet tested the lower Bollinger Band. Meyka’s forecasts suggest further weakness ahead, with the one-month target 6.7% lower.

FAQs

Why did Hyperliquid USD drop 4.2% today?

No single news event explains the move. Technical indicators show a strong downtrend with negative MACD and ADX at 34.59.

What is the Hyperliquid USD price forecast for the next month?

Meyka forecasts $82.13 in one month, a 6.7% decline from the current $88.08 price.

Is Hyperliquid USD oversold right now?

No. The RSI at 52.89 is neutral, and price remains above the lower Bollinger Band at $75.74, so oversold conditions have not yet formed.

What is the 12-month price target for HYPEUSD?

Meyka’s 12-month forecast is $64.79, implying a 26.4% decline from today’s price of $88.08.

Disclaimer:
Cryptocurrency markets are highly volatile. This content is for informational purposes only. The Forecast Prediction Model is provided for informational purposes only and should not be considered financial advice. Meyka AI PTY LTD provides market data and sentiment analysis, not financial advice. Always do your own research and consider consulting a licensed financial advisor before making investment decisions.

About Author

Danny Kontos

Co Founder

Danny Kontos has been a stock investor since 2007 and co-founded Meyka in 2023. He keeps a small, focused portfolio and only moves when the numbers are hard to argue with. He has waited years on a single position before. Before Meyka, he ran a web hosting company and a mortgage lending platform, so he knows what a well-run business actually looks like under the hood. This article did not come from a news cycle. It came from someone who has been watching this space for a long time.