Hyperliquid (HYPE) is showing signs of weakness across multiple timeframes, as traders point to a bearish price structure and fading momentum. The asset is trading at around $25 as of press time, with a market capitalization of $6 billion, ranking it #31 in the crypto market. HYPE has seen an almost 3% drop in the last 24 hours, despite a modest gain of 2% over the past week. Bear Flag Pattern Suggests Further Decline Crypto analyst Ali Martinez shared a 12-hour chart showing what appears to be a bear flag formation. This pattern typically follows a sharp decline and is characterized by a brief upward channel before a potential continuation lower. The asset is holding inside this channel, just under the key resistance level at $27. Hyperliquid $HYPE is forming a flag that could result in a move to $19. pic.twitter.com/ujBDmvzrWz — Ali Charts (@alicharts) January 8, 2026 A confirmed break below the flag’s lower boundary would support a move toward the $19 zone. This target is based on the projected move from the previous decline. In addition, according to market observer Hyper_Up, the broader trend remains bearish. They stated, “ In the worst-case scenario, the price could drop to the $17 area. ” They also pointed to internal liquidity near $24 that could slow the fall, before adding, “A strong reversal from there should not be expected.” Meanwhile, the liquidity area around $28 was cleared recently, triggering a fresh move down. This break confirmed that sellers remain in control and that a reversal is unlikely without broader market strength returning. Indicators Show Selling Pressure On the 1-hour chart, momentum remains negative. The 9-period EMA is below the 21-period EMA, and the price is trading beneath both. For buyers to regain control, HYPE would need to move back above the $27 zone. Hyperliquid (HYPE) Price chart 9.1. Source: TradingView The MACD also remains in bearish territory. The MACD line is below the signal line, and the histogram shows continued negative pressure. There are early signs of slowing momentum, but no crossover has formed. Separately, Grayscale has filed statutory trusts for both BNB and HYPE with the Delaware Division of Corporations. This is a required step before the firm can file for ETFs with U.S. regulators. The post Hyperliquid (HYPE) Price in Trouble? Flag Pattern Signals Drop to $19 appeared first on CryptoPotato .
