Hyperliquid HYPE is stagnant in the $45–$50 range due to sell-off dominance and user growth stagnation.

In the rapidly changing crypto market, many tokens have experienced a phase of being stuck in a narrow trading range. Hyperliquid HYPE is such a case, as it has been troubled between $45 and $50 for several weeks. The main reasons for the stagnation are persistent selling pressure and slow user growth, both of which have had a significant impact on market momentum. For investors, the biggest question is: Can HYPE break through this consolidation area, or will it continue to trade sideways under pressure? This article will delve into HYPE's technical landscape, on-chain metrics, and market outlook—along with why Gate remains an important platform for trading and investing in HYPE.

##The Impact of HYPE Sell-offs on Market Momentum

One of the main reasons for the stagnation of HYPE is the continued seller dominance. Data from CryptoQuant indicates that since the end of June, the number of seller trades has consistently exceeded buyer activity.

Despite the relatively stable trading volume, the lack of strong buying demand means that the market cannot absorb selling pressure. As a result, the price of HYPE tokens has been capped in the $45–$50 range, failing to break higher. This imbalance highlights the continued caution among investors, with sellers clearly in control of the short-term market liquidity.

##HYPE Technical Analysis: Neutral Indicator, Limited Upside

From a technical perspective, the HYPE cryptocurrency faces several challenges:

• The price of HYPE has dropped by 8.4% over the past week, despite a slight rebound in other altcoins.
• The Directional Movement Index (DMI) remains neutral and does not show clear bullish confidence.
• The daily chart still reflects the higher-lows structure since May, but this pattern requires a large trading volume to confirm a bullish breakout.

In other words, despite the chart providing some structural optimism, the technical indicators are not sufficient to support a sustained rebound above $50.

##HYPE On-chain Data: Flat Income and Liquidity Constraints

From an on-chain metrics perspective, the situation remains flat:

• Hyperliquid's fee revenue has remained stable over the past month, indicating limited growth in platform usage.
• HYPE trading volume is stable, but not enough to drive significant price fluctuations.
• The liquidity of decentralized exchanges (DEX) has seen slight growth, but user acquisition remains weak, hindering the expansion of the ecosystem.

These indicators collectively reinforce the view that HYPE lacks the fundamental drivers needed to challenge resistance levels. ##HYPE User Growth: A Key Weakness

User growth is one of the most critical factors in maintaining the momentum of any blockchain project. Unfortunately, for HYPE coin, the number of new users has sharply declined.

The gap between trading volume and active participants is widening, which means that the same group of traders is cycling liquidity rather than new capital flowing into the market. Without stronger adoption and the entry of new participants, the HYPE token faces the risk of continued stagnation in price action.

##HYPE Breakthrough: Requires Conditions Over $50

Analysts unanimously believe that for the HYPE cryptocurrency to break through the current range, the daily closing price must be above $50 with significant trading volume.

If this situation occurs, the momentum may shift, opening the door for further gains. However, if sellers continue to reject prices around $50, the risk of a drop below $45 will increase. Such a move would invalidate the current accumulation structure of highs and lows, exposing HYPE to further downside risks.

The Role of HYPE and Altcoin Rebounds

Another key factor in the trajectory of HYPE is the broader market. Historically, Bitcoin has been a catalyst for tokens like HYPE.

When Bitcoin soars, capital usually flows into altcoins, boosting trading volume and user engagement. In this case, the HYPE token may leverage this momentum to eventually break through the resistance level of $50. On the other hand, if Bitcoin maintains a range-bound movement or enters a correction, it will be difficult for HYPE to break through on its own.

##HYPE Today's Price: Update Market Data

Latest data shows:

• HYPE Price: ~$45.38
• Market Cap: Approximately $1.515 billion
• 24-hour trading volume: $270M–$345M (varies according to different sources such as CoinGecko and CoinMarketCap)
• Circulating Supply: ~333.9 million HYPE
• Recent all-time high: $49.77 in mid-July 2025

On Gate, the HYPE/USDT trading pair has a 24-hour trading volume of over $22.9 million, showcasing the exchange's strong liquidity.

##HYPE and Gate: Why Gate is Important for Traders

As one of the most trusted exchanges in the world, Gate has become a key venue for trading HYPE coins. With millions of users globally and deep liquidity, Gate provides a secure trading environment for retail and institutional traders.

In addition to providing the HYPE/USDT trading pair, Gate also enhances investor value through features such as staking, Launchpool, and Alpha Points, allowing traders to not only buy and sell HYPE but also maximize their returns while holding it.

For investors looking to seize the next breakthrough, Gate stands out as a reliable platform with transparent pricing, a global reputation, and a strong trading community.

##Conclusion: The Future of Hyperliquid HYPE

Currently, Hyperliquid HYPE is still hovering between $45–$50, constrained by seller dominance and stagnant user growth. Without an influx of new users and stronger buyer demand, the token may remain in a range-bound oscillation in the short term.

To unlock the upward potential, HYPE needs:

1. Break through $50 and gain volume support.
2. A broader altcoin rebound driven by Bitcoin.
3. Users acquire and ecosystem growth to support long-term sustainability.

In this context, Gate continues to play a critical role. By providing liquidity, security, and opportunities for additional rewards, Gate not only facilitates HYPE trading but also helps maintain investor confidence in the project.

Currently, investors should pay attention to key resistance levels and observe whether the market can generate the momentum needed for HYPE to break through its current consolidation phase.