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   <h3 id="what-to-know">What to Know</h3>
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     <li>Crypto analyst Ali Martinez identifies a potential head and shoulders pattern, warning Hyperliquid could face a 22% price correction.</li>
     <li>HYPE’s 12-hour chart shows weakening buying momentum, with a confirmed breakdown below $76 to $78 potentially triggering further selling pressure.</li>
     <li>Analysts identify $62 and $59 as downside targets, while a recovery above $91 could weaken the developing bearish chart formation.</li>
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  <p>Hyperliquid (HYPE) faces a potential 22% correction as a developing bearish chart pattern threatens its recovery. <a href="https://x.com/alicharts/status/2117374220040815020" rel="noopener noreferrer nofollow">According Ali Martinez</a>, Hyperliquid (HYPE) faces a potential decline toward $62 and $59 as a developing head-and-shoulders pattern places its $76 to $78 support zone at risk, with the token trading around $83.32.</p><br>
  <p><strong>Also Read: </strong><a href="https://36crypto.com/near-protocol-loses-37-from-6-peak-as-price-faces-critical-3-60-support-test/" rel="noopener noreferrer nofollow">NEAR Protocol Loses 37% From $6 Peak as Price Faces Critical $3.60 Support Test</a></p><br>
  <h2 id="hype-head-and-shoulders-pattern-signals-growing-downside-pressure">HYPE Head-and-Shoulders Pattern Signals Growing Downside Pressure</h2>
  <p>The 12-hour chart shows three distinct price peaks associated with bearish reversals, with HYPE initially climbing toward $89 before retreating toward $77 and establishing the pattern’s left shoulder. Subsequently, buyers pushed<a href="https://36crypto.com/hyperliquid-faces-81-support-test-as-hype-loses-key-rally-indicator/" rel="noopener noreferrer nofollow"> HYPE</a> toward $97, establishing the formation’s highest point before renewed selling pressure triggered another decline and a recovery attempt toward $91.</p><br>
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    <p>IS HYPERLIQUID HEADING TO $60?<a href="https://x.com/search?q=%24HYPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$HYPE</a> is forming a potential head-and-shoulders top on the 12-hour chart, pointing to a possible 22% correction.</p><br>
    <p>Here's the setup I'm watching:</p><br>
    <p>• Confirmation: A sustained 12-hour close below the $76–$78 neckline.<br>• First target: $62.<br>• Final… <a href="https://t.co/XZtVjlEbSw" rel="noopener noreferrer nofollow">pic.twitter.com/XZtVjlEbSw</a></p><br>
    <p>— Ali Charts (@alicharts) <a href="https://x.com/alicharts/status/2117374220040815020?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 2, 2026</a></p><br>
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  <p>This lower peak established the developing right shoulder, indicating weakening buying momentum as HYPE struggled to regain previous highs while approaching its critical neckline support. Martinez identified a sustained 12-hour close below $76 to $78 as confirmation of the bearish setup, potentially exposing HYPE to further losses toward $62 and eventually $59.</p><br>
  <h2 id="critical-support-could-determine-hyperliquid-s-next-price-direction">Critical Support Could Determine Hyperliquid’s Next Price Direction</h2>
  <p>Despite the bearish formation, Martinez emphasized that the projected correction remains unconfirmed without a neckline breakdown. Previous rebounds around $76 to $78 demonstrate that buyers have defended this region.</p><br>
  <p>A successful recovery could prevent the anticipated decline and support another attempt toward nearby resistance. Meanwhile, reclaiming the right shoulder’s high around $90 to $91 would weaken the bearish outlook.</p><br>
  <p>Conversely, losing neckline support could <a href="https://36crypto.com/hyperliquid-hype-trading-volume-soars-680-as-price-breaks-above-91/" rel="noopener noreferrer nofollow">strengthen selling pressure</a> and increase the likelihood of reaching the identified targets. From $83.32, a decline toward $59 would represent approximately 29% in losses.</p><br>
  <p>Hyperliquid’s next movement depends on whether buyers defend the $76 to $78 support region. A confirmed breakdown would strengthen Martinez’s bearish projection, while a recovery above $91 would challenge the developing pattern.</p><br>
  <p><strong>Also Read: </strong><a href="https://36crypto.com/david-schwartz-breaks-silence-on-ripple-exit-confirms-board-position-and-xrp-role/" rel="noopener noreferrer nofollow">David Schwartz Breaks Silence on Ripple Exit, Confirms Board Position and XRP Role</a></p><br>
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<p>The post <a rel="noopener noreferrer nofollow" href="https://36crypto.com/hyperliquid-price-faces-22-crash-risk-as-analyst-warns-of-drop-toward-59/">Hyperliquid Price Faces 22% Crash Risk as Analyst Warns of Drop Toward $59</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://36crypto.com">36Crypto</a>.</p>

Hyperliquid Price Faces 22% Crash Risk as Analyst Warns of Drop Toward $59

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