- HYPE trades at $37.62, approaching the $36–$34.8 support zone identified as a short-term scalp area.
- Price sits just above an untapped 4HOB cluster near the 0.5–0.618 Fibonacci zone, showing possible liquidity build-up.
- Resistance remains firm at $38.28, with range-bound activity dominating the current 12-hour chart structure.
The Hyperliquid (HYPE) perpetual contract is now attracting attention following a price dip that places it near a technical mid-range zone. As of June 20, 2025, HYPE traded at $37.62, reflecting a 1.1% decline over the last 24 hours.
The pair reached a daily low of $36.82 before recovering slightly. Analysts tracking the intraday performance identified the $36.00 to $34.80 zone as a short-term area of interest, aligning with a visible untapped 4-hour order block (4HOB) cluster. With a defined support at $35.57 and resistance capped at $38.28, market focus now turns to the outcome of this retest.
Technical Structure Points to Retest Zone
The current 12-hour chart shows a clear structural formation with prices rotating around a descending wedge that broke in early June. Price action now appears to be compressing just above the mid-range, within a defined Fibonacci support zone. This zone lies between 0.5 and 0.618 retracement levels of the prior move.
Notably, the confluence between the support line at $35.57 and the untapped 4HOB cluster provides a short-term pivot. This cluster forms near the lower boundary of the highlighted consolidation box. The compression in this area hints at a liquidity pocket that may attract scalp trading activity. Market participants have been monitoring this zone due to prior reaction levels, suggesting a reactive support may develop again.
HYPE Holds Range Near Support
HYPE’s price range over the last 24 hours extended from a low of $36.82 to a high of $38.31. Despite the price decline, the action stayed within a well-defined band. The upper boundary at $38.28 continues to act as resistance while the lower boundary aligns with the current support.
Traders have noted that short-term bids within the $36 to $34.80 range could provide entry points. However, with current price activity hovering just above support, confirmation from volume remains critical. This compression also follows a clean sweep of the recent highs, contributing to a potential re-entry into prior liquidity zones.
4HOB Cluster and Range-Bound Behavior
A key observation in the current structure is the untapped 4HOB cluster located around the highlighted mid-range. This block remains untested, aligning with a horizontal retest of earlier breakout levels. As price returns to this zone, the reaction could determine whether HYPE continues its range-bound trend or breaks for higher levels.
In addition, the 4HOB retest aligns with the lower bounds of the descending wedge’s prior breakout. Should price revisit this area, the structure allows for short-term plays with tight invalidation. Scalpers are watching for entry confirmations within this narrow support band as price consolidates inside the range.
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