HYPE’s price has experienced a sell-off after failing to break through the $50 level. Analysts now predict a potential retracement towards $39, with support levels around $39 and $36-$37 remaining crucial. Despite this decline, Hyperliquid’s Assistance Fund continues to buy back HYPE tokens, exceeding $540 million in total buybacks. Network data indicates growing activity, with TVL reaching $635 million and daily holder revenue consistently surpassing $2 million since June. While the price has fallen over 3% this week following a rejection near resistance, continued buyback efforts could limit further decline. Traders are closely watching for signs of stabilization or further drops.