Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download

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.

More News (HYPE)

Hyperliquid drops 27% after whale profit-taking amid Bitcoin losses, testing key support zone.

Hyperliquid drops 27% after whale profit-taking amid Bitcoin losses, testing key support zone.

Hyperliquid (HYPE) fell 27% from $75 to $55.7 following profit-taking by large holders (whales) and a broader market sell-off linked to Bitcoin's decline. The price pullback retested a critical Fibonacci support zone between $48-$55, which could attr...

Technical Signals
Neutral
16 hours ago
Hyperliquid sees 124% surge in futures inflows, signaling potential recovery after sharp price drop

Hyperliquid sees 124% surge in futures inflows, signaling potential recovery after sharp price drop

Hyperliquid (HYPE) experienced a significant 124% increase in net futures inflows, adding about $1.35 million over 8 hours, indicating renewed trader interest after a sharp price correction from $76 to mid-$50s. Despite the recent drop wiping out nea...

Technical Signals
Bullish
17 hours ago
Hyperliquid price nears key support as head-and-shoulders pattern signals possible drop below $40.

Hyperliquid price nears key support as head-and-shoulders pattern signals possible drop below $40.

Hyperliquid (HYPE) price has dropped over 26% from its June peak, pressured by a $700 million token unlock and falling futures interest. A head-and-shoulders pattern on the charts suggests a potential further decline toward $36 if the $55 support lev...

Technical Signals
Bearish
18 hours ago
Crypto markets fall as traders bet against bitcoin ahead of key US inflation data

Crypto markets fall as traders bet against bitcoin ahead of key US inflation data

Crypto markets are under pressure with bitcoin dropping below $61,500 and trading under its 200-week moving average, signaling a potential prolonged bear market. Traders are increasingly shorting major tokens like bitcoin, ether, and XRP, reflecting ...

Market News
Bearish
19 hours ago
Nansen integrates Hyperliquid perps, enabling trading directly on its analytics dashboard.

Nansen integrates Hyperliquid perps, enabling trading directly on its analytics dashboard.

Nansen has integrated Hyperliquid perpetual futures trading into its blockchain analytics platform, allowing users to trade leveraged positions directly within the same interface where they track onchain data. This reduces onboarding friction by elim...

Protocol Fundamentals
Bullish
19 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App