Hyperliquid HYPE
HYPE cycle analysis · chart, confirmed lows and fundamentals
Amber List Falling bearish lean
22.5% below its 365-day high of $98.01 (2026-09-23), +196.1% off the 365-day low. Snapshot 2026-10-24 UTC.
On the Amber List.
A crash of 8.4 daily-vol units over 20 days, 22% below its rolling 365-day high.
Since the previous scan.
Tier, recovering badge and Phoenix state are unchanged between these two observations.
Comparing 2026-10-20 with 2026-10-21 UTC. Classification, not price returns.
Recorded timeline →Where it sits in each cycle
a swing low confirms only when a later bar takes out the low bar's highMonthly
- Last bars
- 2Ur 2Dr 3g 2Ug 1r
- Confirmed low
- $51.10 · 2026-08-31
- Position
- 2 of median ? (max ?)
- Current low
- $51.10 · confirmed
- Cycle-low confidence
- —
- Confirmed lows
- 1
Weekly
- Last bars
- 2Ur 2Dr 3r 2Dr 2Dr
- Confirmed low
- $75.11 · 2026-09-20
- Position
- 5 of median 4 (max 7)
- Current low
- $75.11 · unconfirmed
- Confirms above
- $82.45
- Cycle-low confidence
- 50% · in band
- Confirmed lows
- 8
Daily
- Last bars
- 2Ug 2Ug 2Dr 2Dr 2Dr
- Confirmed low
- $76.04 · 2026-10-18 (daily)
- Position
- 6 of median 4.0 (max 16)
- Current low
- $75.11 · unconfirmed
- Confirms above
- $77.40
- Cycle-low confidence
- 48%
- Confirmed lows
- 51
The full read, in sentences
- Monthly: forming bar is a red inside bar. Last confirmed swing low 51.10 (Aug 2026).
- Weekly: forming bar is a red 2-Down. Last confirmed swing low 75.11 (Sep 2026), week 5 of a cycle that has typically run 4. Current low 75.11 is unconfirmed — it confirms above 82.45. Cycle-low confidence 50%.
- Daily: bar is a red 2-Down. Last confirmed swing low 76.04 (2026-10-18), day 6 of a cycle that has typically run 4. Current low 75.11 is unconfirmed — it confirms above 77.40. Cycle-low confidence 48%.
- Amber List: 22% below the 2026-09-23 high; +196% off the 365-day low.
- Gauges: Mayer multiple 1.17 (neutral); -22% from the all-time high.
Has Hyperliquid bottomed?
A confirmed swing low is evidence of a price pattern, not proof of a final market bottom. Here is what the HYPE snapshot records on 2026-10-24 UTC:
Monthly: the last confirmed swing low is $51.10 from 2026-08-31. The current candidate is marked confirmed. The latest monthly bar is still forming.
Weekly: the last confirmed swing low is $75.11 from 2026-09-20. A newer candidate at $75.11 is unconfirmed; its confirmation level is above $82.45, provided the candidate low is not undercut first. The latest weekly bar is still forming.
Daily: the last confirmed swing low is $76.04 from 2026-10-18. A newer candidate at $75.11 is unconfirmed; its confirmation level is above $77.40, provided the candidate low is not undercut first.
How bottom confirmation works. Cycle-low confidence is a heuristic score, not a calibrated probability of a profitable trade.
How far is Hyperliquid below its high?
The Coinbase price snapshot is 22.5% below its rolling 365-day high of $98.01 from 2026-09-23. Separately, CoinGecko reports -22.5% relative to its all-time high of $97.96 in the fundamentals snapshot pulled 2026-10-21.
Different sources and observation times can produce different drawdowns. Compare crypto drawdowns and reference highs.
The recorded history
scan observations, not exact transition timesFirst observed 2026-10-13. 9 observations; absence from a captured scan is unmatched, never recovery.
- Watch → Amber List
- First observed: Watch
Fundamentals
| Liquidity (24h volume / market cap) can you get out | 2.35 % | 6.2 / 15 |
| Supply overhang (FDV / market cap) unlocked supply waiting to sell | 4.29 x | 0.0 / 15 |
| Size (market-cap rank) survivorship | 11 # | 12 / 15 |
| Usage (price / annualized fees) fees people actually pay to use it (DefiLlama) | 2952.5 x | 0 / 20 |
| TVL backing (market cap / TVL) capital parked in it (DefiLlama) | 19.4 x | 0.0 / 15 |
| Fee momentum (30d vs prior 30d) is usage growing into the recovery | -66 % | 0.0 / 10 |
| Age on Coinbase survived a cycle | 0.7 yrs | 0.6 / 10 |
7 of 7 measurable; score renormalized over what was measurable.
- Market cap
- $19.90B
- Fully diluted
- $85.48B
- 24h volume
- $466.9M
- Circulating
- 222,445,714 of 1,000,000,000 max
- All-time high
- $97.96 · 2026-09-23 (-22.5%)
- TVL
- $1.03B (chain)
- Fees 30d
- $553.9K
- Revenue 30d
- $553.9K
- Fees 1y
- $9.6M
- Mayer multiple
- 1.165 · neutral
- On Coinbase since
- 2026-02-05 (262 bars)
- CoinGecko id
- hyperliquid
Continue your cycle research
How to read a crypto cycle chart · Calculation rules and sources