Hyperliquid (HYPE) in Danger: Analysts Explain Why It Could Plunge in the Short Term

Regardless of the risks, HYPE remains one of the few digital assets with solid potential for the long term, one popular analyst claimed. HYPE – the native token of the decentralized crypto exchange Hyperliquid – currently trades at around $55.50 (per CoinGecko), translating into a major 22% decline on a monthly scale. According to some market observers, conditions may even worsen from here, with expectations of a further downtrend. How Much Lower? Earlier this week, Ali Martinez analyzed HYPE’s recent performance and revealed that its TD Sequential indicator has flashed a sell signal, which could potentially lead to a plunge to $50. BATMAN and Altcoin Sherpa are also among the pessimists. The former claimed the liquidity sweep setup has played out perfectly, warning about the formation of a possible local top that could be followed by a pullback. The latter argued that HYPE may not yet have reached its cycle bottom, suggesting the valuation might tumble to the low $50s or high $40s in the short term. At the same time, the analyst remains bullish on the asset for the long term, saying: “Regardless, it’s 1 of the few coins you can hold for months on end and sleep comfortably knowing ...