HYPE could dip to $23 amid declining staking balance: Check forecast

Key takeaways

  • HYPE is down 5% in the last 24 hours and is currently trading at $27.
  • The coin could drop to $23 if the bearish trend continues.

Hyperliquid’s staking balance declines

HYPE, the native coin of the Hyperliquid decentralized exchange, is one of the worst performers among the top 20 cryptocurrencies by market cap. The coin is trading above $27 per coin after losing 5.8% of its value in the last 24 hours.

The bearish performance comes after the Federal Reserve delivered a hawkish red cut on Wednesday. According to market analysts, with further rate cuts now off the table for a while, attention will turn to liquidity and the Fed’s balance sheet policy in early 2026. However, despite the Treasury bill purchase announced today, QE isn’t coming until things start breaking – and that always means more volatility and potential pain.

Another major catalyst behind HYPE’s bearish performance is the decline in Hyperliquid’s Total Value Locked (TVL). The protocol’s TVL has dropped to $1.63 billion from $2.42 billion on October 30. 

Investors continue to pull their funds from staking contracts on the Hyperliquid chain, adding more selling pressure on HYPE. Falling TVL suggests that investors are losing confidence in the token and ecosystem, prompting them to reduce their risk exposure.

Furthermore, the demand for Hyperliquid derivatives has declined due to the current market conditions. According to Coinalyze, HYPE’s Open Interest (OI) has dropped to $1.3 billion, down 2.5% from the $1.48 billion recorded on Wednesday. It is also significantly below its record high of $2.59 billion reached in September, suggesting that low retail interest in HYPE could continue to suppress a recovery. 

Will HYPE continue to dip lower?

The HYPE/USD 4-hour chart is bearish and efficient as HYPE has underperformed over the last 24 hours. The Layer-1 blockchain token has dropped below its short-term support at $27.50, underpinning its current bearish outlook.

HYPE/USD 4H Chart

The Relative Strength Index (RSI) has dropped to 34 on the 4-hour chart, pointing to a strong bearish momentum. If the RSI enters the oversold region, HYPE could dip lower over the coming hours and days. 

If the bearish trend continues, HYPE could retest the low of $23 for the first time since May 13. 

However, if buyers regain control and push the price above the $29 resistance level, HYPE could target the next major liquidity level sitting below the 50-day Exponential Moving Average (EMA) at $36.23.

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Coinbase expands Solana trading access with integrated on chain swaps

  • Coinbase now lets users trade any Solana token instantly through its app via on-chain liquidity.
  • New tokens become accessible immediately, boosting visibility and reducing barriers for Solana builders.
  • Deeper Solana integration and shifting exchange models signal a move toward open, blockchain-driven access.

Coinbase is reshaping how people interact with Solana’s fast-moving token market by allowing anyone to trade any Solana asset directly inside its app.

The change removes the wait for formal listings and gives users immediate on-chain liquidity through the same interface they already rely on.

It marks a shift toward a more open, blockchain-driven model of exchange activity.

The company is positioning this as a way for users to keep pace with Solana’s rapid token creation cycle while staying inside a familiar environment that does not require jumping between new platforms.

Trading through a trusted app

The new workflow lets people swap for any Solana token the moment it appears on chain.

They can pay with USDC, a bank account, cash, or a debit card.

This makes access to Solana’s expanding ecosystem far simpler for users who want to participate in early market activity without navigating outside tools.

The update turns the Coinbase app into a bridge that pulls liquidity straight from Solana decentralised exchanges.

People keep the same basic experience they are used to, but the range of assets becomes dramatically wider because the app now connects directly to on-chain markets.

Support for builders

The change also affects developers launching new tokens.

Any asset with enough liquidity on Solana becomes immediately available to the millions of people who use Coinbase.

This removes the long-standing barrier of visibility for early-stage projects.

Instead of waiting for a centralised listing or marketing push, a token becomes discoverable as soon as it is tradable on chain.

It streamlines access for builders and reduces friction around early user acquisition.

The update also demonstrates how exchanges are adapting their mechanisms so that discovery and access are tied directly to the blockchain rather than traditional gatekeeping processes.

More Solana features coming

Coinbase confirmed that deeper Solana integration is underway.

Soon, Solana assets will appear natively within the app interface, positioned beside Bitcoin and Ethereum instead of being placed in a separate category.

This signals a stronger commitment to supporting the network’s ecosystem.

Breakpoint added further activity around Solana with Ellipsis Labs introducing Phoenix Perpetuals, a Solana native perpetuals exchange that allows gasless trading and instant onboarding.

These developments highlight how infrastructure around the network is expanding at a pace and how established platforms are adjusting to meet user demand for faster access.

Changing exchange models

The update reflects a wider shift in how exchanges operate.

Instead of deciding which new assets qualify for listing, platforms are now giving users direct access to whatever appears on the chain.

This hands more control to traders while reducing bottlenecks associated with centralised processes.

With activity on Solana continuing to accelerate, Coinbase’s timing aligns with broader market interest.

The company is adapting its product to match the speed of blockchain-based innovation and responding to the growing preference for open access to newly launched tokens.

The result is a model where the blockchain itself determines what becomes tradable.

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Filecoin (FIL) extends losses below $1.40 as market weakness deepens

  • Filecoin price fell 7% to under $1.40 on Thursday to put bulls under pressure.
  • The dip comes amid an overall decline for AI tokens.
  • Market outlook and technical chart suggest Filecoin could dip to $1.20 and $1.00.

Filecoin price has extended its recent losses, falling by more than 7% in the past 24 hours to hit lows of $1.37.

The decentralized storage network’s token risked further losses as sellers breached the key psychological support level at $1.40.

Broader market weakness, including across the stock market, meant bulls were facing potential downside continuation.

FIL declines as AI tokens see losses

The latest leg lower for Filecoin saw bulls touch levels last seen in October, with prices down across all timelines. However, the token boasts a 117% uptick since crashing to near $0.63 on October 10.

FIL price has declined by about 12% over the past seven days.

As highlighted, the downturn coincides with renewed weakness across the cryptocurrency market. Despite the US Federal Reserve’s December meeting and rate cut, cryptocurrencies failed to rally.

Bitcoin dipped below $90,000 before recovering, dragging the broader altcoin market lower. BTC remains precariously poised above the $90k mark.

Filecoin’s decline also mirrored sharp losses among leading artificial intelligence-focused tokens. Bittensor (TAO), NEAR Protocol and Render (RENDER) all shed gains and hovered red over the past 24 hours.

Notably, AI tokens were seeing a fresh sell-off amid a similar outlook in traditional markets.

In premarket trading, AI-related equities Oracle and Nvidia declined as the broader technology shares market came under pressure ahead of Thursday’s open.

What’s next for Filecoin price?

The $1.50-$1.45 zone served as a key support range for Filecoin price after bears took out the $1.60 level in November.

With price now decisively below $1.50 and the $1.40 buffer broken, bulls risk further downside movement.

In the near term, this bearish outlook will strengthen if the price breaks to $1.30.

Filecoin Price Chart
Filecoin price chart by TradingView

Bearish momentum remains dominant on the daily chart.

The Relative Strength Index (RSI) has fallen to 36 and shows room for additional selling pressure.

Meanwhile, the Moving Average Convergence Divergence (MACD) indicator signals weakness since a bearish crossover in mid-November. Bears taking over will bring the $1.20 and $1.00 levels into play.

Despite the threat of a downward continuation, bulls still have a slight advantage. A decisive breakout from the $1.30 zone could open the door to a retest of higher levels.

In November, FIL pumped more than 100% in two days as prices rose from lows of $1.32 to highs of $3.92.

Bulls will have to contend with the 50-day exponential moving average near $1.73 if they are to strengthen a potential trend reversal.

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Bitcoin slips under $90K after Oracle’s shock earnings miss sparks AI stock sell-off

  • Bitcoin price showed fresh weakness as bulls revisited support below $90,000.
  • The top coin dropped despite the US Federal Reserve’s interest rate decision.
  • Oracle stock was down 11% in premarket trading amid AI trade jitters.

Bitcoin price failed to rally on Wednesday as the US Federal Reserve cut its interest rate, and showed weakness on Thursday as it fell to under $90,000.

The dip in BTC price reflected across cryptocurrencies, with major coins also tumbling to key levels amid fresh sell-off jitters.

While the top digital asset remains near the critical level as of writing on December 11, 2025, risk assets are broadly weak on signs of turbulence in technology stocks.

Artificial intelligence-related concerns, visible in market reaction to US-based cloud giant Oracle’s stock price, weighed on Bitcoin and most AI-related tokens.

Oracle’s shares tumbled after the company’s miss in its profit and revenue forecast.

Why did the Bitcoin price fall today?

Bitcoin hovered around $90,379 at the time of writing, down 2.4% in the past 24 hours.

The bellwether crypto asset nonetheless traded off its intraday lows of $89,458. Losses came amid a 9% uptick in daily volume to over $70 billion.

While stocks saw gains after the Fed’s rate cut, a premarket dump for Oracle pulled other AI stocks down and signalled fresh losses likely to encourage Wall Street bears.

In premarket trading, CNBC highlighted that Oracle shares plummeted by more than 11%.

This cascaded across AI-related peers, with Nvidia down nearly 2% and Micron 1.4% at the time. Microsoft, cloud company Coreweave and AMD also traded negatively.

This outlook, even tougher on crypto, pushed BTC lower.

Ethereum, XRP and Solana all shed gains as the market continued to reel from the crash and sentiment flip that followed the October 10, 2025 bloodbath.

CryptoQuant analysts say short-term holders dominate the count, still hovering in the “Pain Zone”.

“Structurally, these deep loss pockets usually show up closer to the late stages of a correction than the early ones,” an analyst at CryptoQuant noted.

Standard Chartered cuts BTC forecast for 2025

A lack of momentum since dipping below $100,000 has analysts recalibrating their end-of-year forecasts.

Standard Chartered,for instance, said earlier this week that it was cutting its 2025 BTC price prediction from $200k to $100k.

Geoff Kendrick, the global head of digital assets research at the banking giant, pointed to the slowdown in buying by Bitcoin treasury companies as a factor.

According to the analyst, bulls may now have only one key price driver- the spot exchange-traded funds space.

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