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Hyperliquid (HYPE) drops 17%, eyes key $69 support amid selling pressure and fading bullish momentum

Technical Signals
12 Nov 2026, 09:00 WIB
AMBCrypto
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Bearish
Hyperliquid (HYPE) drops 17%, eyes key $69 support amid selling pressure and fading bullish momentum

Hyperliquid (HYPE) has fallen 17% to $72.49 despite bullish listings on South Korean exchanges. Selling pressure increased after large token sales and Binance reopening withdrawals post-security breach. Technical indicators show weakening momentum with HYPE entering a critical retracement zone near $69. If this support fails, the next downside target is $61.16, but defending it could allow a recovery attempt.

Hyperliquid (HYPE) has a market cap of Rp329,5 trillion and a 24-hour trading volume of Rp17,48 trillion on Pluang as of Nov 12, 2026 14:21 WIB. Despite the article's note of a 17% price drop to $72.49, HYPE's price on Pluang shows a slight 1-day increase of 0.16% at Rp1.292.429. The platform data also indicates a strong buy interest with 75% of order activity favoring purchases and a typical hold time of 38 days, suggesting steady investor engagement amid recent volatility.

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