{"id":32442,"date":"2026-06-19T11:09:30","date_gmt":"2026-06-19T11:09:30","guid":{"rendered":"https:\/\/bitunikey.com\/news\/hyperliquid-double-top-threatens-deeper-pullback-as-hype-loses-13-from-ath\/"},"modified":"2026-06-19T11:09:41","modified_gmt":"2026-06-19T11:09:41","slug":"hyperliquid-double-top-threatens-deeper-pullback-as-hype-loses-13-from-ath","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/hyperliquid-double-top-threatens-deeper-pullback-as-hype-loses-13-from-ath\/","title":{"rendered":"Hyperliquid double top threatens deeper pullback as HYPE loses 13% from ATH"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Hyperliquid has retreated more than 13% from its record high after a wave of profit-taking hit HYPE, while traders assess whether a newly formed double-top pattern could trigger a deeper correction.<\/p>\n<div id=\"cn-block-summary-block_47ca79c8935e2270dfe573c81daddc5d\" 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>HYPE has dropped more than 12% from its $76.70 all-time high as profit-taking accelerates.<\/li>\n<li>A double-top pattern on the 4-hour chart puts key support levels near $65 and $62 in focus.<\/li>\n<li>Liquidation clusters between $70 and $72 could fuel volatility as traders battle for direction.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to data from crypto.news, Hyperliquid (HYPE) price fell to an intraday low near $65.7 on June 19, extending losses from its June 16 all-time high of $76.70.<\/p>\n<p>The pullback followed one of the strongest rallies in crypto this month, fueled by heavy derivatives activity, a short squeeze, and enthusiasm surrounding tokenized SpaceX exposure on the Hyperliquid ecosystem.<\/p>\n<p>The decline has unfolded alongside a risk-off move across digital assets after Federal Reserve Chair Kevin Warsh reinforced a hawkish policy stance during his first meeting at the helm of the U.S. central bank. Higher-for-longer rate expectations strengthened the dollar and pressured speculative assets, prompting traders to reduce exposure across altcoins.<\/p>\n<p>Additional pressure came from Hyperliquid\u2019s recent token unlock. Earlier this month, roughly 9.9 million HYPE tokens entered circulation as part of a scheduled vesting event worth about $700 million at prevailing prices. Although Hyperliquid\u2019s fee-funded buyback mechanism helped absorb much of that supply during the rally, the market has become more sensitive to any slowdown in trading activity.<\/p>\n<p>Network activity remains elevated by historical standards, but perpetual trading volume has eased from the peak levels recorded during HYPE\u2019s surge toward $77. With fewer buyback-driven purchases entering the market, short-term traders have become more willing to lock in gains after the token\u2019s rapid ascent.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Double-top pattern puts key support levels in focus<\/h2>\n<p>The four-hour chart shows HYPE carving out a clear double top near the $76.70-$77 region, a pattern that often appears near local market peaks. HYPE has already broken below the 0.618 Fibonacci retracement level around $67.7 and is testing support between $64.8 and $65.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Hyperliquid price is forming a double top pattern on the 4-hour chart \u2014 June 19 | Source: crypto.news<\/figcaption><\/figure>\n<p>A decisive break beneath the $64.8 neckline area would strengthen the bearish setup and increase the probability of a move toward the next Fibonacci support near $62, followed by the $58.4 region. The measured target derived from the double-top structure also aligns with a potential decline toward the upper-$50 range.<\/p>\n<p>Momentum indicators have weakened. On the four-hour chart, the MACD has crossed lower and remains below its signal line, while Chaikin Money Flow has slipped into negative territory at approximately -0.06, suggesting capital has been leaving the asset during the recent selloff.<\/p>\n<p>The daily chart presents a mixed picture. HYPE continues to trade above major support near $56.5, but price remains below the daily Supertrend resistance at roughly $74.3. Bulls would need to reclaim the $70-$72 zone to invalidate the immediate bearish structure and reopen the path toward the recent highs.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1827\" height=\"954\" src=\"https:\/\/bitunikey.com\/news\/wp-content\/uploads\/2026\/06\/1781867370_881_Hyperliquid-double-top-threatens-deeper-pullback-as-HYPE-loses-13.webp.webp\" alt=\"HYPE daily chart showing a pullback from the $76.70 all-time high while holding above major support near $56.5, with price trading below Supertrend resistance around $74.3.\" class=\"wp-image-14468353\"  ><figcaption class=\"wp-element-caption\">Hyperliquid daily price chart \u2014 June 19 | Source: crypto.news<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">Liquidation clusters create battleground between $70 and $72<\/h2>\n<p>CoinGlass liquidation heatmap data shows a dense concentration of leveraged positions between $69.5 and $72. Strong liquidation bands are clustered around $70 and $71.8, creating a magnet zone if buyers regain control.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"4080\" height=\"2409\" src=\"https:\/\/bitunikey.com\/news\/wp-content\/uploads\/2026\/06\/1781867370_726_Hyperliquid-double-top-threatens-deeper-pullback-as-HYPE-loses-13.webp.webp\" alt=\"HYPE liquidation heatmap highlighting major leverage clusters between $70 and $72, with additional liquidity pockets concentrated around the $65-$64 support zone.\" class=\"wp-image-14468352\"  ><figcaption class=\"wp-element-caption\">Hyperliquid liquidation heatmap | Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/pro\/futures\/LiquidationHeatMap?coin=HYPE&amp;type=symbol\" target=\"_blank\" rel=\"nofollow\">CoinGlass<\/a><\/figcaption><\/figure>\n<p>Meanwhile, sizeable liquidity pockets have formed below the market around $65 and $64. A breakdown into those levels could trigger another round of long liquidations and accelerate downside volatility.<\/p>\n<p>According to analyst Lennaert Snyder, Bitcoin recently swept liquidity around $62,300 and may seek lower levels before establishing a durable bottom. While Snyder\u2019s comments focused on Bitcoin, continued weakness in the market leader could add pressure across high-beta assets such as HYPE.<\/p>\n<p>\u201c$BTC swept 62.3K liquidity and hit our target,\u201d Snyder <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/LennaertSnyder\/status\/2067870218622283929\" target=\"_blank\" rel=\"nofollow\">wrote<\/a>, adding that he would prefer to see fresh lows below $59,000 before considering a more durable reversal.<\/p>\n<p>A recovery in crypto sentiment, renewed derivatives activity, and a move back above $70 would improve HYPE\u2019s outlook. Until then, traders remain focused on whether the double-top breakdown extends toward the mid-$50 support zone or stabilizes before a larger trend reversal develops.<\/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>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Hyperliquid has retreated more than 13% from its record high after a wave of profit-taking hit HYPE, while traders assess whether a newly formed double-top pattern could trigger a deeper&hellip;<\/p>\n","protected":false},"author":1,"featured_media":31439,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-32442","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\/32442","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=32442"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/32442\/revisions"}],"predecessor-version":[{"id":32443,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/32442\/revisions\/32443"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/31439"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=32442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=32442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=32442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}