Hyperliquid (HYPE) in Danger: Analysts Explain Why It Could Plunge in the Short Term

HYPE – the native token of the decentralized crypto exchange Hyperliquid – currently trades at around $55.50 (per CoinGecko), translating into a major 22% decline on a monthly scale.

According to some market observers, conditions may even worsen from here, with expectations of a further downtrend.

How Much Lower?

Earlier this week, Ali Martinez analyzed HYPE’s recent performance and revealed that its TD Sequential indicator has flashed a sell signal, which could potentially lead to a plunge to $50.

BATMAN and Altcoin Sherpa are also among the pessimists. The former claimed the liquidity sweep setup has played out perfectly, warning about the formation of a possible local top that could be followed by a pullback.

The latter argued that HYPE may not yet have reached its cycle bottom, suggesting the valuation might tumble to the low $50s or high $40s in the short term. At the same time, the analyst remains bullish on the asset for the long term, saying:

“Regardless, it’s 1 of the few coins you can hold for months on end and sleep comfortably knowing the fundamentals are the best in crypto.”

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