Hyperliquid price moved lower on Tuesday after failing to stay above a major resistance area, raising concerns that the token may be forming a bearish double top pattern on the daily chart.<\/p>\n\n\n\n
HYPE traded near $39.2 on May 13 after briefly moving above $44 earlier this month. The pullback has made traders more cautious, especially as the token has repeatedly struggled to break through the $44\u2013$45 resistance zone.<\/p>\n\n\n\n
Despite the latest weakness, Hyperliquid still remains well above its April lows near $35. That level has now become one of the most important support zones to watch.<\/p>\n\n\n\n
Large traders on Hyperliquid appear divided about the token\u2019s next move.<\/p>\n\n\n\n
Whale positioning reached around $4.236 billion in total exposure. Long positions stood near $2.099 billion, while short positions were slightly higher at about $2.137 billion. This created a nearly balanced long-short ratio of 0.98.<\/p>\n\n\n\n
That balance suggests that big traders are not strongly leaning in one direction. Instead, they appear to be waiting for a clearer breakout or breakdown before making larger directional bets.<\/p>\n\n\n\n
This type of positioning often shows uncertainty in the market, especially when price is trading near an important technical level.<\/p>\n\n\n\n
Even with the recent price decline, sentiment around the Hyperliquid ecosystem has remained relatively strong.<\/p>\n\n\n\n
The token gained attention after 21Shares launched the first U.S.-listed exchange-traded funds tied to HYPE. These products include a spot ETF with staking exposure and a leveraged fund linked to the decentralized derivatives platform.<\/p>\n\n\n\n
The launch helped strengthen Hyperliquid\u2019s institutional profile. The platform has also continued to play a major role in decentralized perpetual futures trading, handling large trading volumes and maintaining a strong share of open interest.<\/p>\n\n\n\n
However, positive ecosystem news has not been enough to push HYPE above the $44\u2013$45 resistance area. As a result, some traders may now be taking profits after the strong recovery from April lows.<\/p>\n\n\n\n
On the daily chart, Hyperliquid price appears to be forming a bearish double top pattern.<\/p>\n\n\n\n
The two peaks have formed near the $44\u2013$45 region, which has acted as a strong resistance zone. A double top usually signals that buyers are losing strength after failing to push the price higher on repeated attempts.<\/p>\n\n\n\n
The neckline of this pattern sits near the $35.2 support zone. This level is important because buyers defended it during the April consolidation phase.<\/p>\n\n\n\n
If HYPE falls below $35, the bearish setup could become stronger. In that case, the next downside target may sit around the $31\u2013$32 region.<\/p>\n\n\n\n
Technical indicators are also showing signs of weakness.<\/p>\n\n\n\n
The MACD indicator has formed a bearish crossover, with the MACD line moving below the signal line. The histogram has also turned negative, suggesting that selling pressure may be increasing.<\/p>\n\n\n\n
The Aroon indicator is also showing weaker bullish momentum. The Aroon Up has moved closer to the 50% level, while the Aroon Down remains low. This suggests that buyers are losing control, although sellers have not fully taken over yet.<\/p>\n\n\n\n
Together, these signals show that HYPE may remain under pressure unless buyers step back in quickly.<\/p>\n\n\n\n
The $35 support zone is now the key level for traders.<\/p>\n\n\n\n
If Hyperliquid price holds above this area, bulls may still have a chance to recover and attempt another move toward $44. A clean breakout above $44\u2013$45 would weaken the bearish double top setup and could open the door for a move toward the psychological $50 level.<\/p>\n\n\n\n
However, if sellers push the price below $35, the bearish pattern could confirm a deeper correction. In that scenario, HYPE may slide toward the $31\u2013$32 range.<\/p>\n\n\n\n
For now, Hyperliquid price remains at an important turning point. Bulls need to reclaim resistance, while bears are watching for a breakdown b<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Hyperliquid price moved lower on Tuesday after failing to stay above a major resistance area, raising concerns that the token may be forming a bearish double top pattern on the daily chart. HYPE traded near $39.2 on May 13 after briefly moving above $44 earlier this month. The pullback has made traders more cautious, especially…<\/p>\n","protected":false},"author":3,"featured_media":14536,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63,70],"tags":[65,633,121],"class_list":["post-14535","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-finance","tag-crypto","tag-hyperliquid","tag-trade"],"yoast_head":"\n