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

The cryptocurrency market was hit hard by the recent $6.3 billion Binance hack, yet Hyperliquid’s native token defied the broader pullback and posted a nearly 10% gain over the past week. However, one popular analyst warned that the asset could soon nosedive by double digits, while a key factor supports the bearish scenario. Drop Below $60 Incoming? As of press time, HYPE is changing hands just below $85, down from the local peak of about $96 recorded before the Binance incident. Nonetheless, it remains firmly in the green on both the weekly and fortnightly timeframes. According to Ali Martinez, though, the asset is forming a potential head-and-shoulders top on the 12-hour chart, pointing to a possible 22% correction.

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