HYPE – the native cryptocurrency of the decentralized exchange Hyperliquid – was among the crypto sensations this summer, reaching an all-time high price of almost $60 in mid-September.
However, its valuation has retraced substantially since that peak, and one popular analyst believes the downfall might be just starting.
Major Crash on the Horizon?
The popular X user, Ali Martinez, analyzed the price performance of HYPE and argued that its chart could be forming a classic head-and-shoulders pattern. He said a drop to $36 will confirm that scenario, which in turn may lead to a collapse to as low as $20.
Hyperliquid $HYPE could be forming a head and shoulders pattern. If confirmed, it projects a move to $20. pic.twitter.com/3lKhj8ppqt
— Ali (@ali_charts) November 3, 2025
As of this writing, HYPE trades at approximately $41, meaning that such a plunge would represent a 50% decline. Another renowned market observer who is rather bearish on the asset is Altcoin Sherpa. The X user to
We współpracy z: https://cryptopotato.com/is-a-50-plunge-coming-for-hyperliquids-hype-the-bear-case-explained/
