{"id":28456,"date":"2026-05-13T14:44:22","date_gmt":"2026-05-13T14:44:22","guid":{"rendered":"https:\/\/bitunikey.com\/news\/hyperliquid-price-forms-bearish-double-top-will-it-crash-back-to-35\/"},"modified":"2026-05-13T14:44:32","modified_gmt":"2026-05-13T14:44:32","slug":"hyperliquid-price-forms-bearish-double-top-will-it-crash-back-to-35","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/hyperliquid-price-forms-bearish-double-top-will-it-crash-back-to-35\/","title":{"rendered":"Hyperliquid price forms bearish double top, will it crash back to $35?"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Hyperliquid price extended its decline on Tuesday after failing to hold above a key resistance zone, raising concerns that a bearish double top pattern may now be forming on the daily chart.<\/p>\n<div id=\"cn-block-summary-block_f875103655b483e9f72e82e67388e7d0\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Hyperliquid price fell toward $39 after forming a potential bearish double top pattern near the $44\u2013$45 resistance zone.<\/li>\n<li>Whale positioning on Hyperliquid reached $4.236 billion, with long and short exposure remaining nearly balanced at a 0.98 ratio.<\/li>\n<li>A bearish MACD crossover and weakening momentum indicators raised the risk of a deeper correction toward the key $35 support level.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to data from crypto.news, Hyperliquid (HYPE) price dropped to around $39.2 at press time on May 13 after briefly trading above $44 earlier this month. Despite the recent pullback, the token still remains significantly above its April lows near the $35 region.<\/p>\n<p>The latest correction comes as whale positioning on Hyperliquid reached roughly $4.236 billion in total exposure, with large traders showing an unusually balanced stance between bullish and bearish bets. Long positions accounted for around $2.099 billion, while short positions stood slightly higher near $2.137 billion, producing a near-neutral long-short ratio of 0.98.<\/p>\n<p>The positioning suggests that institutional and high-net-worth traders remain uncertain on the market\u2019s near-term direction despite elevated volatility across digital assets.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>At the same time, investor sentiment surrounding the Hyperliquid ecosystem has remained relatively strong following the launch of the first U.S.-listed exchange-traded funds tied to the HYPE token by 21Shares. The products include a spot ETF with staking exposure alongside a leveraged fund linked to the decentralized derivatives platform.<\/p>\n<p>The ETF launch further strengthened Hyperliquid\u2019s growing institutional profile as the protocol continues dominating decentralized perpetual futures trading. The platform currently controls a substantial share of decentralized perpetual open interest while processing billions of dollars in daily trading volume.<\/p>\n<p>However, traders appear to have started locking in profits after HYPE repeatedly failed to break above the key $44\u2013$45 resistance zone over the past several weeks.<\/p>\n<h2 class=\"wp-block-heading\">Hyperliquid price analysis<\/h2>\n<p>On the daily chart, Hyperliquid price appears to have formed a bearish double top pattern with two major peaks established near the $44\u2013$45 region. Typically, a double top pattern signals weakening bullish momentum and often precedes a deeper correction once the neckline support breaks.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Hyperliquid price forms a double top pattern on the daily chart \u2014 May 13 | Source: crypto.news<\/figcaption><\/figure>\n<p>The neckline of the pattern currently sits near the $35.2 support zone, which also aligns with a major horizontal support area that buyers defended aggressively during the April consolidation phase.<\/p>\n<p>A look at the MACD indicator reinforces the weakening momentum outlook. The MACD histogram has turned negative again, while the MACD line has crossed below the signal line, confirming a bearish crossover and suggesting that downside pressure may continue building in the short term.<\/p>\n<p>Meanwhile, the Aroon indicator also points to fading bullish momentum. The Aroon Up indicator has declined toward the 50% level while the Aroon Down remains subdued near 7%, signaling that buyers are gradually losing control of the trend even though broader bearish dominance has not yet fully emerged.<\/p>\n<p>If sellers manage to push HYPE below the neckline support near $35, the bearish double top setup could trigger a larger correction toward the $31\u2013$32 region.<\/p>\n<p>On the upside, bulls would likely need to reclaim the $44 resistance area to invalidate the bearish structure and restore momentum toward the psychological $50 level.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Hyperliquid price extended its decline on Tuesday after failing to hold above a key resistance zone, raising concerns that a bearish double top pattern may now be forming on the&hellip;<\/p>\n","protected":false},"author":1,"featured_media":871,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-28456","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/28456","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=28456"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/28456\/revisions"}],"predecessor-version":[{"id":28457,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/28456\/revisions\/28457"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/871"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=28456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=28456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=28456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}