The post Hyperliquid price risks 70% crash as multiple bearish patterns emerge appeared on BitcoinEthereumNews.com.

Hyperliquid price showed strength despite the broader market sell-off on Tuesday. However, multiple bearish patterns forming on the daily chart signal a potential crash may be on the horizon. Summary Hyperliquid price bucked the bearish market trend and rallied over 6% today. The rally was supported by project-specific developments. Bearish patterns, such as a head and shoulder and a death cross, formed on the daily chart. According to data from crypto.news, Hyperliquid (HYPE) rose 6.1% in the past 24 hours to settle at $40.4 at last check on Nov. 18, afternoon Asian time. The 15th-largest crypto asset, with a market cap of $11.1 billion, was the only token among the leading 20 cryptocurrencies to remain in the green as the crypto traders digested over $1 billion in liquidations with bearish sentiment prevailing across the market. There are three main reasons why Hyperliquid rallied amid the ongoing bearish market. First, developers at Hyperliquid recently launched the BLP testnet on Hypercore, the Layer 1 blockchain that powers Hyperliquid’s ecosystem. More recently, Hyperliquid’s tokenized equity market saw new high-profile additions like Nvidia, Tesla, and SpaceX, which likely ramped up trading activity on the platform. Project-related developments are typically perceived as bullish by traders gauging fundamentals. Second, Hyperliquid has been aggressively buying back HYPE tokens, with the total value now exceeding $1.3 billion and over 28.5 million tokens already bought back and removed from circulation. Buyback programs help lower the supply of tokens in circulation, which in turn creates upward pressure on the token’s price if demand remains steady or increases. Third, the amount of HYPE tokens staked on the platform has increased by nearly 60% over the past month. Despite all the project-specific developments, some analysts urge caution as two bearish signals have appeared on the daily chart. Hyperliquid price has formed a…

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Filed under: News - @ November 18, 2025 10:25 am