Elite

Drops

Recall

Hyperliquid

November has not been kind to the crypto market (so far), and the past 24 hours brought another painful pullback.
Hyperliquid (HYPE) is among the worst-affected digital assets, with its price plummeting by 18% over the last day at one point. Some analysts believe the storm has yet to pass, predicting further declines in the near future.
<h2 id="hype-leaves-this-elite-club">HYPE Leaves This Elite Club</h2>
As of this writing, the native token of the decentralized crypto exchange trades at roughly $33, whereas its market cap stands around $9 billion. This means that HYPE is no longer among the 20 biggest cryptocurrencies. Recall that a few months ago, the asset’s capitalization briefly exceeded $16 billion, placing it close to the top 10 club.
The renowned analyst Ali Martinez <a href="https://x.com/ali_charts/status/1991806039226798453" rel="noopener noreferrer nofollow">suggested</a> that the problems for the asset might be just starting. He spotted the formation of a “head and shoulders pattern” on HYPE’s chart, where the “head” represents the all-time high above $58 reached in September. According to him, this may be followed by another 25% pullback to around $25.
Many other market observers believe a further slump could be on the way. X user Mr B <a href="https://x.com/MrBsol/status/1991760026290037049" rel="noopener noreferrer nofollow">expects</a> to see HYPE trading in the $20-$30 range by the beginning of next year, forecasting that a drop of that magnitude is also possible before the end of 2025.
Earlier this month, Crypto Chase&nbsp;<a href="https://x.com/Crypto_Chase/status/1985377149985947931" rel="noopener noreferrer nofollow">described</a> the $25-$28 zone as “an area of interest for the long term,” hinting they would jump on the bandwagon if the price dips to that level.
<h2 id="hype-is-oversold">HYPE is Oversold</h2>
Contrary to the hostile environment in the crypto sector and the pessimism among some analysts, HYPE’s Relative Strength Index (RSI) signals the valuation might be poised for a rally.
The technical analysis tool measures the speed and magnitude of the latest price movements and varies from 0 to 100. Readings below 30 indicate that HYPE is oversold and could post short-term gains, whereas readings above 70 are considered bearish territory. Currently, the RSI stands at 17, tipping the scales towards the bullish side.
<figure style="width: 100%" class="wp-caption aligncenter">
 <a href="https://cryptopotato.com/wp-content/uploads/2025/11/HYPE-RSI.png" rel="noopener noreferrer nofollow"><img src="https://cryptopotato.com/wp-content/uploads/2025/11/HYPE-RSI.png" alt="HYPE RSI" width="1092" height="400"></a>
 <figcaption>
 HYPE RSI, Source: rsihunter.com
 </figcaption>
</figure>
The post <a href="https://cryptopotato.com/hyperliquid-hype-drops-out-of-cryptos-top-20-club-another-25-dump-ahead/" rel="noopener noreferrer nofollow">Hyperliquid (HYPE) Drops Out of Crypto’s Top 20 Club, Another 25% Dump Ahead?</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Hyperliquid (HYPE) Drops Out of Crypto’s Top 20 Club, Another 25% Dump Ahead?

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