Hacking News
Hyperliquid (HYPE) Risks a 30% Price Crash
Hyperliquid's native token (HYPE) gained nearly 10% over the past week despite the $6.3 billion Binance hack, but analysts warn of a potential 22% correction if it drops below key support levels. A head-and-shoulders pattern on the 12-hour chart suggests a possible decline to a 10-week low of $59 if HYPE fails to maintain support between $76-$78. Positive exchange netflows for HYPE indicate increased selling pressure, as more tokens are being moved to centralized platforms following the Binance incident, which has led to significant outflows from the exchange.