Aardvark's 15min chart sees MACD Death Cross, KDJ Death Cross, and Bearish Marubozu.

Based on the 15-minute chart of Aardvark, several technical indicators have triggered bearish signals. Specifically, the Moving Average Convergence Divergence (MACD) has crossed below the signal line, signifying a shift in momentum towards the downside. Additionally, the KDJ indicator has also crossed below the signal line, further reinforcing the bearish trend. The presence of a bearish marubozu candlestick pattern at 07/31/2025 16:00 also suggests that sellers are currently in control of the market. Therefore, the stock price is expected to continue falling, with bearish momentum likely to persist.

Hyperliquid (HYPE), a high-performance Layer-1 blockchain protocol, is experiencing a downturn in its price and market sentiment. Following a robust bullish July that propelled HYPE to a record high of $49.85, the token has since retreated to $39.48, a 22% decline from its peak [1].

The bearish trend is driven by several technical indicators. The Moving Average Convergence Divergence (MACD) has issued a sell signal, and the Relative Strength Index (RSI) is trending downward, both of which suggest dominant selling pressure. Additionally, the Decentralized Finance (DeFi) Total Value Locked (TVL) has dipped slightly from its record high, indicating a potential loss of investor confidence [1].

The DeFi TVL, which measures the value of all coins locked in smart contracts on the Hyperliquid blockchain, reached a historical high of $2.14 billion in the third quarter of 2025. However, a recent decrease in TVL to $2.05 billion could signal a shaky recovery for HYPE. This decline coincides with a drop in futures Open Interest (OI) from $2.19 billion to $1.86 billion, indicating a lack of conviction in HYPE's ability to sustain recovery [1].

Technically, HYPE remains suppressed below the $40.00 threshold, reflecting risk-off sentiment and low speculative demand. The daily chart shows a downward-trending RSI below the midline at 39 and a MACD sell signal, reinforcing the bearish outlook. If these conditions persist, the decline could accelerate toward the 50-day Exponential Moving Average (EMA) currently at $36.07 [1].

Despite the bearish signals, traders should remain cautious about overreacting to the negative trends. A potential recovery above $40.00 could reignite bullish momentum and shift risk sentiment. However, the current market conditions suggest that HYPE faces significant challenges in regaining its previous heights.

References:
[1] https://www.fxstreet.com/cryptocurrencies/news/hyperliquid-struggles-to-reclaim-40-threshold-as-bearish-sentiment-persists-202508011635