Overview
- Hyperliquid’s HYPE slipped to about $39 after repeated failures near $44–$45, with chart watchers flagging a possible double top.
- A double top means two highs near the same level as momentum fades, and traders now eye the $35 neckline as the point that could turn a pullback into a deeper slide, while a push back above $44 would likely void the setup.
- Whale exposure stands near $4.236 billion, with longs around $2.099 billion and shorts near $2.137 billion, showing large holders are almost evenly split.
- Momentum signals have weakened, including a bearish MACD crossover, and several analysts warn a break below $35 could open a drop toward $31–$32.
- Institutional access has widened after 21Shares listed the first U.S. HYPE funds, including a spot ETF with staking and a leveraged product, with one report citing more than $1 million of day-one inflows.