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Hyperliquid's $HYPE token risks a 22% drop if it breaks key $76-$78 support level.

Technical Signals
03 Nov 2026, 13:09 WIB
Blockonomi
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Bearish
Hyperliquid's $HYPE token risks a 22% drop if it breaks key $76-$78 support level.

Hyperliquid's $HYPE token is showing a potential bearish head-and-shoulders pattern on the 12-hour chart, signaling a possible 22% price correction if it closes below the $76-$78 neckline. Currently trading around $84, the token has gained 8.3% over the past week but faces downside targets at $62 and $59 if the support breaks. Analysts highlight that a sustained close below this neckline is needed to confirm the pattern, while a bounce could invalidate the bearish outlook. Additionally, $612 million in long positions and $410 million in shorts are exposed to liquidation near key price levels, adding to market volatility.

Hyperliquid's $HYPE token trades at Rp1.528.436 on Pluang, down 1.46% in the last day with 65% of orders buying and a typical hold time of 38 days. Market activity shows a market cap of Rp386,75 trillion and a 24-hour volume of Rp20,83 trillion. These figures are current as of Nov 03, 2026 18:22 WIB.

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