Hyperliquid USD Slides 3.7% to $87.51 as ADX Signals Strong Downtrend

By Huzaifa Zahoor

October 2, 2026

01:55 AM

3 min read

Share with:

preferred News SourceSelectMeykaasyourpreferredNewsSource

Key Points

HYPEUSD fell 3.7% to $87.51 with volume 53% above average.

ADX at 37.38 confirms strong downtrend; MACD histogram negative.

RSI at 57.17 neutral; price between Bollinger Band lower and middle.

Meyka forecasts $82.13 in one month, $64.79 in twelve months.

Be the first to rate this article

Hyperliquid USD dropped 3.7% to $87.51 in 24 hours, erasing $3.38 from its opening price. No single news event explains the move. Technical data reveals a strong downtrend with ADX at 37.38, the highest threshold for trend strength, paired with an RSI of 57.17 that sits neutral and leaves room for selling pressure to accelerate.

Why the ADX signals a strong downtrend

The ADX at 37.38 exceeds the 25 threshold that marks a strong directional move. This reading confirms HYPEUSD is in a sustained downtrend, not a random pullback. Combined with MACD at 4.24 below its signal line of 4.92, the histogram shows negative momentum, reinforcing downward pressure.

RSI and Bollinger Bands show room to fall

The RSI at 57.17 sits in neutral territory, neither overbought above 70 nor oversold below 30. Price at $87.51 trades between the Bollinger Band lower support at $74.89 and upper resistance at $98.00, closer to the middle band at $86.45. This positioning suggests the coin has space to test lower levels before finding support.

Volume surge outpaces the average

Trading volume hit 1.04 billion, 53% above the 30-day average of 679 million. The spike in volume during a decline signals conviction behind the selling, not a weak pullback. Money Flow Index at 63.47 remains elevated, indicating institutional participation in the move.

Meyka forecasts point to further weakness

The 1-month forecast of $82.13 sits 6.1% below the current price, while the 12-month target of $64.79 implies a 26% decline from today. These projections align with the technical downtrend. Forecasts may change due to market conditions, regulations, or unexpected events.

Final Thoughts

HYPEUSD faces sustained downward pressure backed by strong ADX momentum and elevated volume. The RSI’s neutral reading and price position within the Bollinger Bands leave room for the decline to extend toward the $82 level in coming weeks. Traders should monitor support at the lower band.

FAQs

Why did Hyperliquid USD drop 3.7% today?

No single news event triggered the move. Technical data shows a strong downtrend with ADX at 37.38 and MACD momentum turning negative.

Is HYPEUSD oversold right now?

No. The RSI at 57.17 sits neutral, not below 30. Price remains between the Bollinger Band lower and middle levels, leaving room to fall.

What is Meyka’s price target for HYPEUSD?

One-month forecast is $82.13, down 6.1% from current price. Twelve-month target is $64.79, implying a 26% decline.

What does the ADX reading mean for HYPEUSD?

ADX at 37.38 signals a strong downtrend. Readings above 25 confirm directional momentum; above 40 show extreme strength. This move is sustained.

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

Huzaifa Zahoor

Co Founder

Huzaifa Zahoor is the engineer who built Meyka. He has spent years writing Python, training AI models, and building data pipelines specifically for financial markets. His technical articles have reached over 30,000 readers on Medium, so he knows how to make complex things easy to follow. If this article touches on how the tools work, he is the person who actually built them.