> At a Glance
> – Hyperliquid (HYPE) is forming a bear flag near $25.
> – Analysts flag weak momentum and a bearish structure across timeframes.
> – Downside targets sit at $19-$17 if the pattern breaks lower.
> – Why it matters: A break below $24 could accelerate selling, leaving buyers on the sidelines.
Hyperliquid’s native token HYPE is flashing red flags as a bear flag tightens around the $25 level. Sellers remain in control after last week’s liquidity sweep above $28, and chart watchers now eye a possible 20-30% slide.
Bear Flag Pattern Points to $19
Crypto analyst Ali Martinez highlights a textbook bear flag on the 12-hour chart. The pattern follows a sharp drop and channels price through a brief upward drift before the next leg down.
> Ali Martinez noted:
> > “Hyperliquid $HYPE is forming a flag that could result in a move to $19.”
A confirmed close beneath the flag’s lower trendline activates the measured target near $19.
Downside Path and Liquidity Zones
Market observer Hyper_Up maps out the road ahead:
- Internal liquidity rests near $24, a short-term cushion that may slow the fall.
- Worst-case scenario eyes the $17 region if selling accelerates.
- No strong reversal should be expected from the $24 zone.
| Level | Significance |
|---|---|
| $28 | Recently swept, triggering fresh supply |
| $27 | Key resistance; buyers need to reclaim it |
| $24 | Internal liquidity, minor support |
| $19 | Bear-flag measured target |
| $17 | Hyper_Up’s worst-case target |
Momentum Indicators Stay Negative
Short-term gauges remain heavy:
- 9-period EMA is below the 21-period EMA on the 1-hour timeframe.
- Price trades under both EMAs.
- MACD line sits below its signal line with negative histogram bars.
Buyers need a hourly close above $27 to shift the tone.
Key Takeaways
- Bear flag formation targets $19 on a breakdown.
- $24 liquidity may briefly stall declines, but $17 is possible.
- Indicators show persistent selling pressure; reclaiming $27 is crucial for bulls.
With $6 billion in market cap and rank #31, HYPE’s next move could set the tone for the broader DeFi perp-venue sector.
