Why did the company behind Kraken just make a big move on Hyperliquid, and why did the price barely react?
This Hyperliquid price prediction November 2026 starts with HYPE price at $77.56 on Oct 27, 2026, 10:20 UTC. The October 2026 setup points to what waits below it.
Metric | Value |
Price | $77.56 |
24h change | +0.4% |
Market cap | $17.204B |
Fully diluted valuation | $73.884B |
24h trading volume | $759.507M |
Perps 24h open interest | $4.247B |
CoinGecko market data ranks HYPE price at 11th by market cap. That $17.204B market cap sits far below the $73.884B fully diluted value, and the gap matters because total supply already stands at 955.307M against a 1B cap.

Payward, the parent company of Kraken, announced plans to become the first CFTC-regulated deployer on HIP-3 markets. It would run perpetual futures for US clients through Hyperliquid, subject to regulatory approval.
Bitnomial, a CFTC-regulated exchange and clearinghouse, would create and settle the contracts, with NinjaTrader Clearing carrying client accounts. The announcement on X adds that the first release sits on testnet and specs can still change.
US spot ETFs recorded a net outflow of $4.30M on Oct 26, 2026, according to SoSoValue ETF data.
All three funds posted outflows. Bitwise's BHYP led with $3.11M, followed by 21Shares' THYP at $913.42K and Grayscale's HYPG at $277.49K.
Total net assets hold at $388.75M, or 2.25% of market cap, while value traded reached only $10.24M. Thin trading, and no real appetite to add. So who buys the next dip?

Shorts took the hit. A liquidation wiped out $610.54K of shorts over 24h, per CoinGlass liquidation data. Longs lost $301.30K, so total Hyperliquid liquidations reached $911.85K.
Then the tide turned. In the last 12h, longs lost $59.14K against $22.72K for shorts. The 1h print is long only at $6.45K, with shorts at $0.

Source: Data taken from CoinGlass
Binance leads futures volume at $490.84M, and Hyperliquid itself trails by $43.89M at $446.95M. LBank adds $253.31M, Bybit $161.81M, and OKX $137.81M.
WhiteBIT is the only red at $73.15M. Hyperliquid open interest, the total value of futures contracts still open, sits at $4.247B, and open interest explained covers why that matters.
On the 1D chart, this Hyperliquid price prediction November 2026 starts with trading between $75.354 and $88.286.
Then buyers broke the $88.286 resistance and touched the $97.267 levels, and shorts got squeezed on the way up.
Price then slowly made lower highs and lower lows, making the falling channel, two downward-sloping lines that keep every rally lower.
After bouncing off the lower trendline of the channel, the price broke above the channel. But it was a false breakout, where the price spiked above a level and dropped straight back to channel, and it trapped late buyers.
The 50-day EMA sits at $81.524. HYPE trades under it, so bounces into that zone and meets sellers first, with $82.682 resistance stacked right above.
RSI reads 40.25. Below 50 means sellers still set the pace, even though it's nowhere near oversold.
Level | Price |
Major resistance | $97.267 |
Resistance | $88.286 |
Resistance | $82.682 |
Support | $75.354 |
Support | $68.528 |
At $82.682, resistance sits beside the 50-day EMA, the first real wall for bulls. Below, $75.354 is the floor buyers keep defending.
Scenario | Trigger | Target | Invalidation |
Bull | Daily trade above $82.682 | $88.286 | Trade below $75.354 |
Base | Range between $75.354 and $82.682 | $82.682 | Break of either level |
Bear | Daily trade below $75.354 | $68.528 | Reclaim of $82.682 |
Bull needs a daily trade above $82.682 with rising volume. Base keeps price between $75.354 and $82.682, while bear starts below $75.354 and targets $68.528.
As per CoinGabbar analysis, the forecast leans bearish. The price sits under the 50-day EMA, RSI is at 40.25, and the channel is intact. And with ETF flows stalled, fresh demand isn't showing up.
The Kraken headline shapes the longer outlook, not today's trade. A daily trade under $75.354 opens $68.528, while bulls need $82.682 first and $88.286 after that.
Disclaimer: This article is for information only and isn't financial advice. Crypto assets are highly volatile, and prices can move sharply in either direction. Readers should do independent research and consider their own risk tolerance before making any decision.