Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
HYPE Token Falters as CZ-Backed Aster Overtakes Hyperliquid

HYPE Token Falters as CZ-Backed Aster Overtakes Hyperliquid

BeInCryptoBeInCrypto2025/09/25 04:00
By:Abiodun Oladokun

HYPE struggles as Hyperliquid loses traction to CZ-backed Aster, with bearish momentum dragging the token toward key support levels.

HYPE token is struggling to maintain momentum as Hyperliquid faces mounting pressure from Aster, a fast-rising decentralized exchange (DEX) that has quickly gained traction with backing from Binance founder Changpeng Zhao (CZ).

With plunging trading volume on Hyperliquid, its native token HYPE has also faced waning demand. This has caused it to trend mostly sideways in recent sessions, with bears trying to regain full market control. 

HYPE’s Breakdown Deepens

Over the past 24 hours, Aster ranks second in total fees generated, just behind Tether, while Hyperliquid has slipped to eighth place. This gap highlights the growing shift in trader attention away from Hyperliquid toward its new rival.

For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter.

HYPE Token Falters as CZ-Backed Aster Overtakes Hyperliquid image 0Protocol Ranking By Fees. Source:

As user activity drops on Hyperliquid, demand for its HYPE token has also dwindled, putting pressure on its price. Exchanging hands at $42.39 as of this writing, the altcoin’s value has dropped by nearly 30% in the past seven days.

Momentum indicators confirm the bearish trend. On the daily chart, the Balance of Power (BOP) is firmly in negative territory, signaling persistent selling pressure.

HYPE Token Falters as CZ-Backed Aster Overtakes Hyperliquid image 1HYPE BoP. Source:

The BOP indicator measures the strength of buyers versus sellers in the market. When its value is positive, it suggests that buying pressure dominates, with bulls pushing the price higher. Conversely, a negative reading indicates stronger selling activity, indicating that bears are in control.

HYPE’s current negative BoP (-0.90) highlights sellers’ dominance, heightening the risk of a further decline in the token’s value. 

In addition, HYPE has slipped below its 20-day Exponential Moving Average (EMA), indicating the collapse in bullish market structure. At press time, this key moving average forms dynamic resistance above the token’s price at $49.87

HYPE Token Falters as CZ-Backed Aster Overtakes Hyperliquid image 2HYPE 20-Day EMA. Source:

The 20-day EMA measures an asset’s average price over the past 20 trading days, giving more weight to recent prices. 

When an asset’s price breaks below its 20-day EMA, it signals a shift in short-term market momentum from bullish to bearish. It indicates weakening buying pressure, which means further downside for HYPE’s price.

HYPE Tests Critical Floor at $40.42—Will Bulls Defend?

HYPE is hovering just above the support floor at $40.42 at press time. The ongoing selloff may weaken this price level, raising the risk of a further decline toward $34.62.

HYPE Token Falters as CZ-Backed Aster Overtakes Hyperliquid image 3HYPE Price Analysis. Source:

On the upside, renewed buying pressure could trigger a push toward $48.69.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Wattlet officially debuts: Making electricity a global digital asset

Wattlet's vision is to make electricity not just a consumed energy, but a digital asset that can be held, allocated, and traded.

ForesightNews2025/09/26 10:37
Wattlet officially debuts: Making electricity a global digital asset