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

Technical Signals
10 Jun 2026
Crypto news
View Source
Bearish
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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 level breaks. Despite the correction, Arthur Hayes has been buying HYPE tokens. Market caution ahead of U.S. inflation data and a shift of capital to tech stocks add to the bearish outlook, though some analysts remain optimistic about HYPE's long-term strength.

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