Hyperliquid posts a negative session, with its HYPE token trading at $33.5 after dropping 11.5% in the past 24 hours. The pullback comes in a market under strong bearish pressure and removes the token once again from the list of the twenty largest cryptocurrencies by market capitalization.
HYPE reached a valuation above $16 billion just a few months ago, but it now sits near $9 billion. Analyst Ali Martinez identified a head and shoulders formation, with an all-time high above $58 set in September and a possible further bearish projection toward $25.
Other specialists also expect the token’s decline to continue. User Mr B considers a range between $20 and $30 likely during 2026 and even before the end of 2025. Crypto Chase noted that the $25 to $28 zone is a long-term area of interest for potential entries.
HYPE’s RSI stands at 17, a level indicating deep oversold conditions which, from a technical analysis standpoint, is often associated with short-term rebounds if selling pressure eases.
Source: https://x.com/ali_charts/status/1991806039226798453
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