Market Overview for Hyperlane/Tether (HYPERUSDT)

• Price fell sharply by -39.9% over 24 hours, dropping from $0.1847 to $0.1149
• Volatility spiked as price breached multiple support levels, with heavy selling after 15:30 ET
• Turnover surged to $967,050.70 at 15:30 ET, coinciding with the 16.03% 15-min drop to $0.1530
• MACD and RSI indicators pointed to strong bearish momentum and oversold territory
• Bollinger Bands signaled a high-volatility phase with price trading near the lower band

Hyperlane/Tether (HYPERUSDT) opened at $0.1847 on 2025-11-02 at 12:00 ET, reached a high of $0.1869, a low of $0.1530, and closed at $0.1149 on 2025-11-03 at 12:00 ET. The total volume over 24 hours was 34,619,410 tokens, while notional turnover reached $5,894,925.30. A sharp decline in the second half of the session, especially after 15:30 ET, marked a bearish reversal.

Structure & Formations

Price action revealed a strong bearish bias with multiple breakdowns in key support levels, including a notable break below $0.1600 and $0.1500. A long lower shadow on the 15:30 ET candle indicated sharp selling pressure. A series of bearish engulfing patterns emerged after 19:00 ET, suggesting continued downward momentum. A potential support cluster may form near the $0.1530–$0.1540 range, based on the most recent lows.

Moving Averages

On the 15-minute chart, price closed well below both the 20-period and 50-period moving averages, confirming a bearish bias. Daily timeframe indicators suggest a more prolonged bearish phase, with price sitting well below the 50, 100, and 200-day averages. The distance between the 50 and 200-day averages has widened, suggesting a continuation of the downtrend.

MACD & RSI

The MACD line moved sharply below the signal line, reinforcing the bearish momentum. RSI reached oversold territory below 30, though the divergence between the price and RSI may suggest potential for a short-term bounce, not a reversal. However, the strength of the bearish move raises the risk of a further drop in the near term.

Bollinger Bands

Price traded near the lower Bollinger Band during the most volatile periods, confirming the oversold condition. A contraction in the band width earlier in the session suggested a period of consolidation before the sharp breakdown. The widening of the bands in the final hours of the session reflected increasing volatility and uncertainty.

Volume & Turnover

Volume surged dramatically at 15:30 ET, coinciding with the largest 15-minute drop in the session. Turnover exceeded $967,000 at that point, indicating heavy participation from large sellers. The divergence between price and volume suggests strong conviction in the bearish move, with fewer signs of exhaustion.

Fibonacci Retracements

On the 15-minute chart, the 61.8% Fibonacci retracement level near $0.1540 failed to hold, indicating a deeper correction may be in progress. On the daily chart, the 61.8% level appears at $0.1380–$0.1390, which may serve as a target for the next 48-hour period if the current trend continues.

Backtest Hypothesis

Given the MACD death-cross confirmed on the 15-minute and daily charts, as well as the RSI entering oversold territory with no immediate reversal signs, a short-term bearish strategy may be considered. A potential backtest could involve a short entry at the close of the first bearish engulfing candle after the 15:30 ET breakdown, with a stop loss above the nearest resistance near $0.1600 and a target aligned with the 61.8% Fibonacci level at $0.1380. This setup appears to align with the observed price action, volume spikes, and momentum indicators.