would

<p style="text-align: justify"><a href="https://en.coin-turk.com/hyperliquid-shakes-up-crypto-with-unpredictable-price-swings/" rel="noopener noreferrer nofollow">Hyperliquid</a>‘s native token HYPE is under increased scrutiny as analysts point to a possible downside move, following a strong week of gains. At last check, HYPE traded at $84.00, representing a 1.8% drop in the past 24 hours but still up 8.31% over the last seven days. The token’s market activity remains robust, with a daily trading volume of $1.1 billion.</p>
<h2 id="key-support-level-attracts-market-focus">Key support level attracts market focus</h2>
<p style="text-align: justify">Technical analysts have highlighted a potential head-and-shoulders top pattern emerging on the 12-hour HYPE chart, which could signal a sharp short-term correction. The pattern’s neckline, situated in the $76 to $78 range, is now the main level observers are watching for confirmation of further declines.</p>
<p style="text-align: justify">If HYPE closes below this neckline for at least one 12-hour candle, analysts say the pattern will be validated, opening the door to notable downside targets. The first major support sits at $62, with the ultimate target at $59—representing a possible 22% retracement from the neckline area. Both are significantly below the current market price.</p>
<p style="text-align: justify">Technical specialist Ali Charts recently described this scenario, stating that a confirmed break below $76 would activate these targets. Until such a close occurs, the bearish formation remains unconfirmed. Conversely, any rebound from the neckline zone or a move above the right shoulder’s high would challenge the bearish outlook.</p>
<blockquote>
 <p>The setup highlights $76–$78 as the level to watch on HYPE’s 12-hour chart, with a confirmed close below that range signaling a potential 22% correction toward $59.</p>
</blockquote>
<h2 id="leveraged-positions-exposed-to-volatile-swings">Leveraged positions exposed to volatile swings</h2>
<p style="text-align: justify">CoinMarketCap has mapped out the key liquidation zones for HYPE, indicating areas where forced liquidations could escalate volatility. According to its latest data, $612.39 million in long positions could be at risk if the price declines further, while shorts positioned above current prices make up $410.62 million.</p>
<p style="text-align: justify">The most substantial concentration of short positions, worth $37.49 million, sits at $110.15—well above the current price. Meanwhile, $17.15 million in long positions rest just below the neckline area at $78.35, putting them at risk in the event of a drop below the key support.</p>
<p style="text-align: justify">A move toward either level could result in liquidations, intensifying market movements. The liquidation map illustrates the delicate balance between long and short interest at these critical thresholds.</p>
<blockquote>
 <p>CoinMarketCap’s data shows that leveraged traders in both directions are vulnerable, highlighting $78.35 as a pivotal level for those holding long positions.</p>
</blockquote>
<h2 id="monitoring-key-support-levels-in-real-time">Monitoring key support levels in real time</h2>
<p style="text-align: justify">For traders tracking HYPE’s volatility around the $76–$78 support, tools providing quick updates on sudden movements are essential. <a href="https://lk.software/cryptoappsy/" rel="noopener noreferrer nofollow">CryptoAppsy</a> allows users to set instant price alerts for exact levels, such as the neckline zone under watch. This enables timely responses to potential breakouts or breakdowns, giving traders a practical edge during periods of heightened risk.</p>
<p>The post <a href="https://en.coin-turk.com/analyst-warns-of-59-target-for-hype-as-head-and-shoulders-pattern-forms/" rel="noopener noreferrer nofollow">Analyst warns of $59 target for HYPE as head-and-shoulders pattern forms</a> appeared first on <a href="https://en.coin-turk.com" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Analyst warns of $59 target for HYPE as head-and-shoulders pattern forms

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