#Hyperliquid price forms bearish double top, will it crash back to $35?

$HYPE price extended its decline on Tuesday after failing to hold above a key resistance zone, raising concerns that a bearish double top pattern may now be forming on the daily chart.

Summary✅

Hyperliquid price fell toward $39 after forming a potential bearish double top pattern near the $44–$45 resistance zone.

Whale positioning on Hyperliquid reached $4.236 billion, with long and short exposure remaining nearly balanced at a 0.98 ratio.

A bearish MACD crossover and weakening momentum indicators raised the risk of a deeper correction toward the key $35 support level.