Hyperliquid (HYPE) price has dropped nearly 16% in the last 24 hours, bringing its market cap down to $7.4 billion. Technical indicators suggest that sellers are gaining control, with Directional Movement Index (DMI) and BBTrend both weakening.

The EMA lines are also showing signs of a potential death cross, which could accelerate losses if key support at $21.1 fails. However, if buyers step in and momentum shifts, HYPE could rebound toward $24.39, with a breakout potentially pushing it to $27.

HYPE DMI Chart Shows Sellers Are In Control

Hyperliquid Directional Movement Index (DMI) chart shows a significant shift in momentum, with its Average Directional Index (ADX) rising to 20.3 from 9 in just four days.

The ADX measures trend strength on a scale from 0 to 100, where values below 20 indicate a weak trend, and readings above 25 suggest a stronger trend is forming. This recent increase suggests that HYPE’s ongoing downtrend may be gaining strength, but it’s still in the early stages of confirmation.

The +DI (Positive Directional Indicator) has dropped sharply from 30.9 to 14.1, while the -DI (Negative Directional Indicator) has surged from 13.5 to 25.2, signaling a shift in momentum toward the downside.

Since -DI is now above +DI, sellers are currently in control, reinforcing HYPE bearish trend. If ADX continues rising above 25, it would confirm a stronger downtrend, meaning further losses could be ahead unless buyers regain momentum.

BBTrend Is Still Positive, But Going Down

HYPE BBTrend has dropped significantly from 10.1 yesterday to 3.15 today, signaling a weakening bullish momentum. BBTrend (Bollinger Band Trend) measures the strength of a price trend based on Bollinger Bands, where positive values suggest an uptrend and negative values indicate a downtrend.

The higher the BBTrend value, the stronger the trend in that direction. While HYPE’s BBTrend remains positive, its sharp decline suggests that buying pressure is fading.

With BBTrend falling quickly, HYPE’s price momentum is slowing, increasing the risk of a potential reversal or deeper pullback. If the BBTrend turns negative, it could confirm a shift into a downtrend.

However, if buyers step in and stabilize the trend, HYPE price could attempt to regain bullish strength. The next few sessions will be crucial in determining whether this decline is a temporary dip or the start of a broader correction.

HYPE Price Prediction: Will HYPE Fall Below $20 Soon?

Hyperliquid Exponential Moving Average (EMA) lines indicate a crucial turning point, as short-term EMAs are still above long-term ones but are declining quickly.

If they cross below—a death cross—it would signal a stronger bearish trend. In that case, HYPE could test key support at $21.1. If that level breaks, further downside could push prices to $20.1 or even $18.89, the lowest level since January 13. This scenario would confirm increasing selling pressure and a prolonged downtrend.

However, if HYPE price holds above support and momentum shifts, it could attempt a trend reversal.

A rebound from current levels might lead to a test of the $24.39 resistance, and breaking that could push the price toward $27.

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Kraken’s revenue surged significantly in 2024, reaching $1.5 billion—an increase of 128% year over year.

The US-based crypto exchange’s financial success aligns with a broader market upswing, which saw Bitcoin and other digital assets reach new all-time highs.

Kraken’s Trading Volume Hits $665 Billion

In 2024, the platform reported $380 million in earnings before interest, taxes, depreciation, and amortization (EBITDA), fueled by $665 billion in trading volume.

On average, Kraken generated over $2,000 per customer while holding approximately $42.8 billion in assets. The platform also managed 2.5 million funded accounts, becoming the fifth-largest centralized exchange in terms of daily trading volume.

Kraken attributes its success to a long-term growth strategy rather than short-term market trends. This focus has helped it dominate the stable-to-fiat on-ramp sector. The exchange managed over 40% of the global stable-fiat volume among major centralized exchanges.

The company also emphasized its commitment to seamless execution, reporting 2.5 billion trades since inception, 99.9% platform uptime, and sub-2ms round-trip latency.

Kraken Co-CEO Arjun Sethi reaffirmed the firm’s commitment to transparency while announcing plans to release quarterly financial reports that would include the exchange of proof-of-reserves disclosures.

“Today’s financial highlights are the first of many as we continue to prioritize transparency and accountability. We remain committed to publishing our Proof of Reserves regularly, ensuring our clients’ highest level of trust,” Sethi added.

While speculation about a 2025 initial public offering (IPO) continues, Kraken has not confirmed any plans. Instead, the firm stated that it maintains financial independence, having raised only $27 million in primary funding since its launch in 2011.

Regulatory Hurdles Persist

Despite its strong financial performance, Kraken continues to face significant regulatory hurdles in the US.

The exchange settled with the SEC in 2023 over its staking services, leading to the suspension of the product. However, it reintroduced staking for users in 39 states earlier this week while announcing to shut down its NFT marketplace in February.

Meanwhile, Kraken remains entangled in an SEC lawsuit, which alleges it has been operating as an unregistered exchange, broker, and clearing agency. The regulator claims Kraken facilitated unlawful crypto securities transactions since 2018, generating significant revenue.

However, a recent court ruling allowed the exchange to proceed with its “fair notice” and “due process” defenses, though its “major questions doctrine” argument was dismissed.