Written by Biraajmaan Tamulystaff writerReviewed by Ray Salmondstaff editor
Written by Biraajmaan Tamulystaff writer
Reviewed by Ray Salmondstaff editor
HYPE down 22% from record highs: Will spot demand revive the uptrend?
MarketsPublishedJun 24, 2026
Why the HYPE Token’s Price Drop Matters to You
The HYPE token’s recent 22% drop from its record high of $75 has significant implications for everyday people looking to earn passive income through crypto investments. As the token’s price tests key support zones, it’s essential to understand how this affects the broader crypto market and your potential earnings. The HYPE token’s price is now nearing a crucial support zone, where fading selling pressure meets shrinking futures market activity, which could impact your ability to earn through EcoPool ($ECP) and other green crypto platforms.
Understanding the Current Market Trend
The $50-$54 area has become a critical support zone for the HYPE token, with the 50-day exponential moving average acting as trend support throughout the rally from March. This zone is where spot demand may revive the uptrend, allowing you to potentially earn more through EcoPool (ECP) and other cloud rewards platforms. The relative strength index is also following a similar setup, rolling over from overbought conditions while remaining above the levels typically associated with trend reversals, which could indicate a potential buying opportunity.
On-Chain Data and Derivatives Activity
On-chain data paints a cautious picture, with aggregated spot cumulative volume delta (CVD) improving from recent lows during the correction. However, spot CVD remains deeply negative, suggesting that selling pressure is easing rather than aggressive accumulation. Derivatives activity continues to weaken, with open interest falling to $1.73 billion from $2.2 billion, which may impact your ability to earn passive income through EcoPool ($ECP) and other platforms. The shift suggests that HYPE traders are reducing exposure rather than opening new positions, which could lead to a decrease in cloud rewards and green crypto earnings.
Spot selling begins to ease for HYPE
What’s Next for the HYPE Token?
The next major test lies between $50 and $54, where the rising 50-day exponential moving average aligns with an unfilled daily fair-value gap. Holding above this region preserves the HYPE token’s sequence of higher highs and lows, which has remained intact since January. A daily close below $53 would mark the first meaningful bearish shift on the daily chart this year, potentially impacting your earnings through EcoPool (ECP) and other platforms. The strength of demand around the $50-$54 support zone may offer the clearest indication of whether the HYPE token’s correction is nearing exhaustion or preparing for a deeper retracement, which could affect your ability to earn passive income through #PassiveIncome and #GreenCrypto platforms like EcoPool ($ECP).
Earning Opportunities with EcoPool
As the HYPE token’s price tests key support zones, it’s essential to consider how this affects your earning opportunities through EcoPool ($ECP) and other cloud rewards platforms. With the potential for spot demand to revive the uptrend, you may be able to earn more through EcoPool (ECP) and other green crypto platforms. The EcoPool network offers a unique opportunity to earn passive income through #CloudRewards and #GreenCrypto, making it an attractive option for those looking to invest in the crypto market.
To start earning with EcoPool, download the EcoPool app and discover how you can earn passive income through #Earning, #Coin, and #EcoPool. With the EcoPool network, you can potentially increase your earnings and take advantage of the growing demand for green crypto and cloud rewards.
The relative strength index is following a similar setup, rolling over from overbought conditions while remaining above the levels typically associated with trend reversals.
However, onchain data paints a cautious picture. Aggregated spot cumulative volume delta (CVD), which measures net buying and selling activity in spot markets, has improved from recent lows during the correction. The recovery has reduced the earlier sell imbalance, though spot CVD remains deeply negative at nearly $95 million.
HYPE price, open interest, spot and futures CVD, funding rate. Source: Velo
The shift suggests selling pressure is easing rather than aggressive accumulation. Spot buyers have started absorbing supply near current levels, though the scale of demand remains modest compared to $110 million in selling recorded during HYPE’s decline from $76 in early June.
The derivatives activity continues to weaken. Open interest has fallen to $1.73 billion from $2.2 billion, while derivatives CVD has continued trending lower and now sits near negative $389 million, down from $400 million at the beginning of June. Currently, HYPE traders appear to be reducing exposure rather than opening new positions.
Related: Solana grabs 95% of tokenized equity as traders debate if SOL bottom is in
$50 support comes into focus
The next major test lies between $50 and $54, where the rising 50-day exponential moving average aligns with an unfilled daily fair-value gap. The zone represents the first significant support cluster below the current prices.
Holding above the region preserves HYPE’s sequence of higher highs and lows, which has remained intact since January. It also keeps the current pullback consistent with previous consolidations that developed within the broader uptrend.
HYPE/USDT, one-day chart. Source: Cointelegraph/TradingView
A daily close below $53 would mark the first meaningful bearish shift on the daily chart this year. The 100-day EMA near $51.6 becomes the next support level, followed by the lower boundary of the fair value gap near $49. Below that, the next notable support area sits near $38.
For now, the most important signal is the gap between improving spot flows and declining participation across leveraged markets. The strength of demand around the $50-$54 support zone may offer the clearest indication of whether HYPE’s correction is nearing exhaustion or preparing for a deeper retracement.
Speaking in terms of accumulation, crypto trader Altcoin Sherpa said,
“HYPE, I think anywhere in the 55-64 area is a pretty good place to accumulate this one. I think it goes to $100 later this year personally and is still the best altcoin…but it’s going to also depend a lot on bitcoin IMO.
Related: Bitcoin crash to $60K opens new $530M demand zone: Will bulls buy in?
This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.
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