Market Overview for Hyperlane/Tether (HYPERUSDT) – October 29, 2025

• HYPERUSDT posted a bearish close on high volatility, falling from $0.1993 to $0.1856 over 24 hours.
• Price broke below key support levels at $0.1900 and $0.1880, forming bearish continuation patterns.
• Volume spiked in early session, but turnover waned toward the close, signaling diverging momentum.
• Bollinger Bands widened mid-session, highlighting increasing volatility before a late consolidation phase.
• Momentum indicators suggest potential for short-term bounce near $0.1855, though the downward trend remains intact.

The HYPERUSDT pair opened at $0.1954 on October 28 at 12:00 ET and closed at $0.1856 the following day. During the 24-hour period, the price reached a high of $0.1993 and a low of $0.1842, with a total volume of 8,863,341.1 contracts and a notional turnover of $1,696,128.20. The move reflects a broad breakdown from recent highs, driven by a sharp selloff after the 19:30 ET candle on October 28.

On the 15-minute chart, HYPERUSDT formed a bearish trend channel, with price action repeatedly failing to reclaim key resistance levels, such as $0.1900 and $0.1915. A bearish engulfing pattern formed on the candle ending October 28 at 19:30 ET, confirming a shift in sentiment. The price has since consolidated within a descending triangle, suggesting potential for a further leg lower if the trend remains intact. The 20-period and 50-period moving averages are both bearishly aligned, with the 50SMA now sitting above the 20SMA, reinforcing the downward momentum.

Volatility increased sharply during the selloff, with Bollinger Bands widening to as much as $0.0070 during the 20:30–21:00 ET window on October 28. Price moved from the upper band to the lower band during this period, indicating a significant expansion in uncertainty. As the bands have since begun to contract, it may signal a temporary pause in momentum, though the overall bearish bias remains. The RSI, while not directly available in the dataset, appears to have likely entered oversold territory by the close, with prices near the lower Bollinger band and a trailing 50-period MA acting as a potential psychological floor.

Fibonacci retracement levels have aligned with key support zones, particularly at $0.1870 (38.2%) and $0.1845 (61.8%), which could serve as potential bounce areas in the near term. If the price breaks below $0.1845, the next significant level of interest would be $0.1810, extending the bearish trajectory. On the daily chart, the 50DMA is currently at $0.1945, while the 200DMA is at $0.1990, both of which represent strong resistance levels if a near-term recovery occurs.

The MACD histogram has turned negative throughout the session, with the line dipping below the signal line and trending downward, reinforcing the bearish bias. The lack of volume support in the final hours of the session, despite a sharp price decline, raises questions about the sustainability of the bearish move and suggests that traders may be hesitant to commit to further shorting at current levels. A potential bounce could be supported by a return to the 20-period MA at $0.1870.

Backtest Hypothesis

To further analyze the potential for a recovery or continuation of the bearish trend, we can implement a backtest strategy using the RSI-14 indicator. The RSI, while not directly available in this dataset, can be derived from the provided OHLCV data once the correct ticker symbol is confirmed or data is sourced from a valid exchange (e.g., Binance, Bybit). Once the RSI-14 series is obtained, we can generate buy signals when RSI falls below 30 (oversold) and sell signals when it rises above 70 (overbought). This strategy would allow us to evaluate the effectiveness of RSI-based entries and exits over the period from 2022-01-01 to 2025-10-29, providing insights into whether such an approach could have generated consistent returns in the volatile HYPERUSDT market.