Hyperliquid (HYPE) Risks a 30% Price Crash: What Can Prevent the Collapse?

Hyperliquid's HYPE token gained nearly 10% over the past week despite a $6.3 billion Binance hack, though analysts warned of a decline as it traded just below $85. Ali Martinez said a head-and-shoulders chart pattern, a reversal signal, pointed to a possible 22% correction, with a sustained close below the $76-$78 neckline support potentially sending HYPE to $59; recovery above about $90 would weaken the bearish setup. FOUR | Crypto Spaces and Token Talk called $76-$77 key support and said a break below could send it toward $60. CoinGlass reported six consecutive days of positive exchange netflows—more HYPE moving to centralized platforms than to self-custody wallets—a signal typically seen as bearish because it can raise selling pressure.