Bullbit
Cryptocurrency
2 Reasons Why $35 Is a Critical Juncture for Hyperliquid (HYPE) Price
- What: Hyperliquid (HYPE) price is trading at $38.27, down 2.31% on the day.
- Why: A completed double top pattern and a dense liquidation cluster at $35.03 raise the odds of an accelerated leg lower.
- Signal: Two independent signals indicate a potential breakdown below $35.03.
- Target: The price is expected to target $25-$30 if the breakdown occurs.
- Risk: A 15% potential loss is possible if the price drops to $25-$30.