Hyperliquid’s price had a mini-rebound of 6% on Friday, thanks to the launch of a new Washington advocacy group. Because nothing says “confidence” like throwing money at a nonprofit to lobby for crypto, right? Now investors are scratching their heads, wondering if HYPE can dig itself out of its 2026 financial black hole. Spoiler: It probably can’t.

Hyperliquid’s price jumped 6% after launching the Hyperliquid Policy Center-because who doesn’t want a nonprofit to lobby for crypto in Washington? (Spoiler: Everyone who’s ever lost money.)
An upcoming token unlock (because nothing says “confidence” like flooding the market with more tokens) and crumbling on-chain stats might kill any short-term hope. Classic.
HYPE has been stuck below a key descending trendline since February. Like a bad dating profile, it’s been ignored for months.

Crypto.news reports HYPE hit $29.23 after a brief Asian-trading-hour spike. Imagine that-a 6% bounce, which is about as thrilling as finding a single sock in a dryer. But hey, progress!

The new Hyperliquid Policy Center, funded by 1 million HYPE tokens ($29 million), is now Washington’s latest attempt to turn derivatives into a government-approved hobby. If only they’d start lobbying for free pizza, we’d really be in business.

With the Hyper Foundation throwing cash at the problem, maybe HYPE’s PR team can out-spend its financial woes. But let’s be real: this is just a PR stunt to distract from the fact that the network’s TVL dropped from $4.7 billion to $4.2 billion. And yes, that’s a problem.

Weekly revenue? A tragic 55% plunge to $11.83 million. If this were a dating app, HYPE would be the guy who still uses MSN Messenger.

March 6 brings another headwind: a 9.92 million token unlock worth $291 million. Because nothing says “I believe in this project” like letting 2.7% of the supply loose on the market. Investors, prepare your wallets-or at least your therapists.

The token’s already lost 25% from its $37.84 peak. Maybe it’s time to stop pretending this is a comeback story and start calling it what it is: a tragicomedy.

Hyperliquid Price Analysis: Why Bulls Are Just Wasting Their Time

On the daily chart, HYPE remains trapped under a descending trendline since February. If bulls think they’re breaking out, they’re in for a rude awakening. Bears are still the party planners here.

Bitcoin’s recent support failures aren’t helping, either. If the king of crypto can’t hold his crown, why should anyone trust HYPE’s fairy tales?

The Aroon indicator is screaming “bear market,” and the RSI is channeling downward momentum like a bad breakup. Support at $28? More like a desperate Hail Mary. If it breaks, say hello to $21. But hey, at least you’ll have a story to tell.

2026-02-20 14:18

HYPE’s Desperate Washington Play: Can This New Group Save Your Losing Streak?

Hyperliquid Price Analysis: Why Bulls Are Just Wasting Their Time

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