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Hyperliquid price drops toward $39, forming bearish double top pattern signaling possible deeper correction.

Technical Signals
13 May 2026
Crypto news
View Source
Bearish
pluang ai news

Hyperliquid's price fell to around $39 after failing to break above the $44–$45 resistance zone, forming a bearish double top pattern on the daily chart. Whale positioning shows nearly balanced long and short exposure, indicating uncertainty among large traders. Technical indicators like a bearish MACD crossover and weakening momentum suggest a potential deeper correction toward the $35 support level. If the $35 neckline breaks, the price could drop further to $31–$32, while reclaiming $44 resistance is needed to restore bullish momentum.

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