Is Hyperliquid (HYPE) Price in Trouble? Analyst Warns of Bearish Pattern Despite OKX Listing

Hyperliquid has recently been listed on OKX Spot, a development that typically triggers a price increase. However, instead of a significant breakout, a prominent crypto analyst has identified a potential warning sign on the chart.

Crypto expert Ali suggests that the HYPE price is forming a head and shoulders pattern, which is a widely recognized bearish reversal signal. If this pattern is confirmed, the analyst believes the price could experience a substantial decline.

Let's examine the technical analysis of the HYPE chart.

HYPE Chart Technical Analysis

The chart illustrates a complete structure consisting of a left shoulder, a higher peak forming the head, and a developing right shoulder. The horizontal support level acts as the neckline, a critical level that must hold to prevent further losses.

Currently, the Hyperliquid price is positioned precariously close to this neckline. A confirmed break below this support level with strong momentum would validate the bearish pattern, signaling increased risk for investors.

Furthermore, Ali's chart indicates a potential descent into the low $20 range if the pattern is confirmed. This would represent a significant retracement from current price levels. The projected price path shows a stair-step decline, suggesting that the drop might occur in sharp waves rather than a gradual slide.

This technical analysis serves as a warning: buyers must intervene soon to prevent sellers from gaining full control of the price action.

OKX Listing Boosts Sentiment, But Price Strength is Key

The timing of the OKX listing is noteworthy. A new listing on a major exchange often brings increased liquidity, heightened attention, and a surge in buyer interest, which can sometimes disrupt bearish technical setups before they fully materialize.

However, HYPE has not yet experienced the typical post-listing surge, and the chart continues to show signs of weakness. Traders are now closely observing how the HYPE price reacts around the neckline support. A bounce from this level could quickly shift sentiment back to bullish.

Future Outlook for Hyperliquid

Hyperliquid is recognized as one of the fastest-growing ecosystems in the on-chain trading space, and the HYPE token retains strong community support. However, market psychology plays a crucial role in price movements, and the market has yet to decisively choose a direction.

A break below the neckline would confirm the bearish pattern, increasing the likelihood of a move towards the $20 price target.

Conversely, if the Hyperliquid price holds the current support level and rebounds, the OKX listing could serve as the catalyst to invalidate the bearish setup.

Regardless of the outcome, a significant price move appears imminent. HYPE holders should monitor the chart closely, as the reaction at this critical support level will be instrumental in determining whether the current situation represents a temporary correction or the beginning of a more substantial downturn.