Traveling for seven weeks through Thailand and India with two small kids was supposed to be my calm reset after a long crypto cycle. And in some ways, it was. Before the trip, I sold almost all my altcoin bags. Even ETH. It felt like the right moment. Markets were slow, and the timing ended up being pretty decent.
However, I kept a couple of positions alive. Not because I wanted risk, but because I wanted some skin in the game while farming from a beach chair. Hyperliquid was one of them. I staked my HYPE before I left, kept the exposure, and farmed airdrop points during the trip. I did not hedge. I figured there was still a chance for an explosive Q4 where both Bitcoin and alts would rip.
Fast forward to now. HYPE is down around 22 percent from my entry. I need the airdrop gods to bless me. Please, lord, send some points to save my bags.
And to make things messier, we got fresh Hype FUD hitting the timeline.
The MON Ticker Drama That Sparked the Hype FUD Wave
Earlier this year, the Hyperliquid team sold the ticker MON to Pixelmon for a six-figure deal. It was a clean agreement, and on-chain, the ticker still belongs to Pixelmon. Nothing wrong with that.
But then Monad became the hot flavor of the week. Suddenly, Hyperliquid listed Monad under the ticker MON on the frontend. That tiny detail caused an entire army of confused users screaming centralization. People expected a decentralized UX. Instead, they found out the HL team controls the frontend experience.
To be clear, the on-chain ticker still belongs to Pixelmon. Only the visual label on the Hyperliquid interface was changed. Still, it created a strange moment for the ecosystem. The team needs to tidy this up quickly, because narratives spread faster than facts. And FUD spreads faster than anything else.
With that out of the way, let’s talk price. Because the charts right now matter more than the drama.
HYPE Price Outlook: December Looks Heavy Unless Support Holds
The recent supply unlock placed real pressure on HYPE. Almost 10 million tokens entered circulation for core contributors. The event pushed nearly 314 million dollars worth of value into the market. Even the cleanest projects struggle to absorb a shock of that scale.
Traders reacted fast. Some front-ran the unlock. Others waited for the unlock day and panic sold. But in most cases, retail sells after the move already played out.
Right now, HYPE is retesting an important zone. The level that used to be strong support has turned into a tough resistance. It lines up with the neckline of a possible head-and-shoulders pattern. It also aligns with the 0.618 to 0.786 Fibonacci zone. That area regularly rejects price.
Because of that, the technical picture leans slightly bearish in the short term. If rejection continues, the next liquidity pool sits near the 25 dollar zone. That area becomes the first major bounce region if sellers keep control.
Short-Term Pressure vs Long-Term Stability
If the market rejects the retest, the decline can extend into December. A drop toward the mid-20 range is possible. But if buyers absorb the unlock efficiently, it would flip the narrative fast. December could still be strong. Everything depends on how liquidity behaves this week.
Some traders expect volatility to create great long entries. Others think the neckline break will push price deeper. For now, both scenarios remain alive.
The Crucial HYPE Support Zone: 30 to 32 Dollars
This is the line in the sand. The 30–32 range is the most important level on the chart. If HYPE holds that zone, the range structure stays intact. But if it loses that area, many bullish setups will break down until new structure forms.
Why On-Chain Metrics Look Better Than The Price
Despite the price weakness, on-chain activity remains extremely strong. HIP-3 volume is sitting near 309 million dollars per day. Funding is neutral, open interest is stable, and liquidity is healthy. When price drops but participation stays strong, it usually means the community is not leaving.
And according to recent data, big players are still active. Pantera added more tokens. Fresh wallets bought millions. Buybacks continue absorbing around 5 million per day. These are not the signs of a project in distribution mode. They look more like early accumulation from patient players.
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The Fractal That Signals a Possible Bottom
A previous HYPE fractal from earlier in the year is starting to mirror the current structure. Back then, price dumped into support, drifted sideways, rounded out, and launched. Right now, HYPE is sitting in the same type of zone with similar timing and similar volume patterns.
It’s not confirmed yet. But the similarities are worth watching. If the fractal continues, the next big move is a reclaim of the mid-range at 40 dollars. After that, liquidity extends toward 48 to 50 dollars.
Trendline Compression Means One Thing
Even while price cools down, the large descending trendline is squeezing tighter. Whenever this happens, a breakout usually follows. If HYPE reclaims the trendline, then targets at 42, 48, and 55 reopen quickly.
Until then, it stays a range environment with a bearish lean.
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Final Words
HYPE is in a strange place. My bags are down. Many traders are confused. And the MON ticker drama created more noise than necessary.
But the fundamentals have not changed. Hyperliquid is still one of the strongest ecosystems when you look at users, on-chain activity, and liquidity. The unlock added pressure, but the market has already absorbed most of the fear.
As long as the 30–32 zone holds, recovery remains possible. If the trendline breaks, momentum flips. For now, I am farming, praying for a nice airdrop, and watching the charts with a mix of hope and acceptance.
Hype FUD comes and goes. The real story will show in December.
If you enjoyed this blog, check out our recent blog on the Bitcoin price outlook.
As always, don’t forget to claim your bonus below on Blofin. See you next time!
