Hyperliquid (HYPE) Falls 11% Weekly as Bears Eye $20–$0 Risks
HYPE, the native token of decentralized exchange Hyperliquid, fell about 11% over the last week to roughly $26, down 56% from its mid‑September all‑time high near $60. Multiple analysts see further downside: Ali Martinez warns a triangle breakdown could push HYPE to $20; Sjuul (AltCryptoGems) expects a deeper correction; Nebraskangooner even forecasts a collapse to zero after a rejection at key resistance. Exchange netflow data show recent inflows slightly exceeding outflows, indicating movement from self-custody to centralized exchanges — a pattern that can precede selling. On the bullish side, several traders (HYPEconimst, ryandcrypto, TraderSZ) argue a short squeeze or reclaim of $30.5 could fuel a rebound toward $45+, and current RSI sits just north of the oversold/bullish threshold, suggesting possible near-term relief. Key stats: current price ~$26, weekly -11%, peak ~$60 (mid‑Sept), downside targets cited $20 and lower, optimistic targets $36–$45. Traders should watch exchange netflows, price action around $27.5–$30.5, and RSI for short-term signals; broader market moves (notably BTC) will influence whether larger declines or recoveries materialize.
Bearish
The article highlights sustained price weakness (weekly -11%, -56% from ATH) and technical warnings of a triangle breakdown that could push HYPE toward $20 or lower. Exchange netflow shows inflows outpacing outflows recently, a typical precursor to selling when tokens move onto centralized exchanges. Several respected analysts and accounts predict deeper corrections or even a collapse; while some traders outline bullish recovery scenarios, those rely on reclaiming $30.5 or broader market strength (e.g., BTC rising), which is uncertain. RSI near the bullish threshold could allow a short‑term rebound, but prevailing on‑chain flows and repeated resistance rejections point to elevated downside risk. Historically, similar token selloffs with growing exchange inflows (and failed reclaim of key levels) lead to further short-term weakness before a sustained recovery — hence a bearish classification for trading impact. For traders: prioritize risk management, monitor netflow and whether HYPE holds $27.5–$30.5, and watch BTC direction; position sizing should assume elevated volatility and a possible test of $20 or lower.