Hyperliquid extends decline beneath its daily trend average
HYPE remains below a key daily moving average as broader crypto conditions stay weak.
HYPE remains below a key daily moving average as broader crypto conditions stay weak. Tether (USDT) is trading at ₹94.04 ($0.9992). This is an original Token Times brief based on reporting by The Cryptonomist, with live market data added, as of Sun, 08 Nov 2026 23:00:01 UTC.
HYPE’s position below the daily EMA20 signals that recent losses remain part of the prevailing trend, while declining protocol TVL adds a measure of weakening activity to the market picture.
- HYPE traded below the $82.16 daily EMA20
- Live price is $74.77, down 2.90% over 24 hours
- Seven-day decline stands at 14.98%
- Hyperliquid TVL fell 6.1% over seven days
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- Dogecoin Extends Bearish Trend with 20% October Decline
- Hyperliquid extends decline beneath its daily trend average — this brief
The Cryptonomist reports that HYPE was trading at $77.48 on Binance as of November 8, 2026, below the $82.16 daily EMA20 and with the broader daily setup described as bearish. Its hourly chart showed tentative stabilization, although the source characterized that pause as insufficient evidence of a confirmed reversal. The analysis was based on completed candles. The live market snapshot shows further weakness, with HYPE at $74.77, down 2.90% over 24 hours and 14.98% over seven days. Its market capitalization is $17.9 billion. The price remains below the moving-average level cited in the report, leaving the short-term stabilization narrative outweighed by the dominant downward trend.
Hyperliquid’s on-chain TVL stood at $1.78 billion, according to DeFiLlama, representing a 6.1% decline over seven days. That contraction provides a parallel indication that network activity and capital deposits have weakened alongside the token’s market performance. The available coverage does not connect the decline in TVL to a specific event, so the trend remains contextual rather than a confirmed cause of the price move.
The wider crypto market was broadly lower at the live snapshot. Total market capitalization was $2.56 trillion, 
Bitcoin was down 1.46% over 24 hours, and the Fear & Greed index registered 28, indicating a Fear reading. 
Tether remained stable near parity at $0.999234, up 0.01% over 24 hours and unchanged over seven days, while DeFiLlama put USDT’s circulating supply at $176.77 billion. The next technical points to monitor are whether HYPE can regain its daily EMA20 or sustain the tentative hourly stabilization, alongside further changes in protocol TVL.
Since this brief published about 7 hours ago, Tether (USDT) has moved from ₹94.04$0.9992 to ₹94.04$0.9992 — -0.00%.
The chart plots USDT's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 USDT ≈ ₹99.91 (about $0.9992), up 0.0% over 24 hours. The rupee itself trades about 6.2% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 8, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Hyperliquid extends decline beneath its daily trend average — questions & answers
Where is HYPE relative to its daily EMA20?
HYPE remains below the reported $82.16 daily EMA20. It traded at $74.77 in the live snapshot after being reported at $77.48 on November 8, 2026.
How much has Hyperliquid TVL changed?
DeFiLlama reports Hyperliquid TVL of $1.78 billion, down 6.1% over seven days.
What broader conditions accompanied HYPE’s decline?
The overall crypto market was broadly down, Bitcoin fell 1.46% over 24 hours, and the Fear & Greed index stood at 28, within the Fear range.
How much is 1 Tether worth in rupee today?
About ₹99.91 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $0.9992. The rupee price moves with both USDT's US-dollar price and the USDT/INR rate; use our Tether in rupee page for any amount.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from The Cryptonomist. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.