Hyperliquid Faces $59 Downside and $112 to $116 Upside Targets

Hyperliquid’s HYPE token faces sharply different chart outlooks, with the bearish case hinging on support at $76 to $78 and the bullish view pointing to a possible recovery toward $112 to $116.

Analyst Ali Charts identifies $76 to $78 as the neckline of a potential head-and-shoulders pattern. A sustained close below that band on the 12-hour chart would confirm the setup, with $62 and then $59 as downside levels. A move above the formation’s right-shoulder high would weaken the bearish pattern.

Analyst Michaël van de Poppe compares HYPE’s recent price action with its August recovery. He describes a dip below a recent low, a sharp rebound and a break above earlier highs, and expects another rally after the current consolidation. His near-term objective is above $100, with a target range of $112 to $116.

HYPE fell from about $95 in early October to near $76 around Oct. 25, then climbed above $94 on Oct. 29 as trading volume rose sharply. Sellers later pushed the token lower. The relative strength index (RSI) stood at 41.05, below its 48.25 moving average. The moving average convergence divergence (MACD) line was below its signal line, and the histogram remained negative.

Near-term support levels are $82 to $83, followed by $80 and $76. Resistance lies at $85 to $88, then $92 to $94. A sustained move above $88 would improve the bullish technical outlook.