HYPE Airdrop Triggers Extreme Fluctuation, Price Seeks New Footing

• • The chart shows selling pressure following a breakdown from the upper consolidation zone.
• • Airdrop token distribution sentiment forces the asset to seek a new equilibrium level in the support area.

This native token of the Hyperliquid exchange is experiencing high volatility shocks following the airdrop narrative dominating the market. Trader enthusiasm for the asset's distribution instead triggered massive profit-taking actions. Based on the one-hour chart, the price has broken down below the local demand order block and is now held weakly at the $55.280 (Rp997030) level. The price's inability to immediately print a rebound indicates the lingering dominance of distribution pressure. This sell supply weight is projected to force the price to slide toward the immediate support footing at $54.004 (Rp974016) over the next 3 days. Should the spot selling wave not subside, the weakness risks continuing until it touches the macro base depth at $52.636 (Rp949343).

A sudden speculative sentiment reversal could trigger a short squeeze. This downward scheme is structurally invalidated if the price surges through $60.492 (Rp1091034).