Hyperliquid SOL priceHYPE

Hyperliquid 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. Hyperliquid ( $HYPE ) price dropped to around $39.2 at press time on May 13 after briefly trading above $44 earlier this month. Despite the recent pullback, the token still remains significantly above its April lows near the $35 region. The latest correction comes as whale positioning on Hyperliquid reached roughly $4.236 billion in total exposure, with large traders showing an unusually balanced stance between bullish and bearish bets. Long positions accounted for around $2.099 billion, while short positions stood slightly higher near $2.137 billion, producing a near-neutral long-short ratio of 0.98. The positioning suggests that institutional and high-net-worth traders remain uncertain on the market’s near-term direction despite elevated volatility across digital assets. At the same time, investor sentiment surrounding the Hyperliquid ecosystem has remained relatively strong following the launch of the first U.S.-listed exchange-traded funds tied to the HYPE token by 21Shares. The products include a spot ETF with staking exposure alongside a leveraged fund linked to the decentralized derivatives platform. The ETF launch further strengthened Hyperliquid’s growing institutional profile as the protocol continues dominating decentralized perpetual futures trading. The platform currently controls a substantial share of decentralized perpetual open interest while processing billions of dollars in daily trading volume. However, traders appear to have started locking in profits after HYPE repeatedly failed to break above the key $44–$45 resistance zone over the past several weeks. Hyperliquid price analysis On the daily chart, Hyperliquid price appears to have formed a bearish double top pattern with two major peaks established near the $44–$45 region. Typically, a double top pattern signals weakening bullish momentum and often precedes a deeper correction once the neckline support breaks. The neckline of the pattern currently sits near the $35.2 support zone, which also aligns with a major horizontal support area that buyers defended aggressively during the April consolidation phase. A look at the MACD indicator reinforces the weakening momentum outlook. The MACD histogram has turned negative again, while the MACD line has crossed below the signal line, confirming a bearish crossover and suggesting that downside pressure may continue building in the short term. Meanwhile, the Aroon indicator also points to fading bullish momentum. The Aroon Up indicator has declined toward the 50% level while the Aroon Down remains subdued near 7%, signaling that buyers are gradually losing control of the trend even though broader bearish dominance has not yet fully emerged. If sellers manage to push HYPE below the neckline support near $35, the bearish double top setup could trigger a larger correction toward the $31–$32 region. On the upside, bulls would likely need to reclaim the $44 resistance area to invalidate the bearish structure and restore momentum toward the psychological $50 level.

$HYPE is attracting growing bearish attention as traders focus on heavy unlock pressure and weakening long-term structure. Historically, large unlock events on highly speculative assets often create extended consolidation phases followed by strong sell pressure once early holders begin distributing into liquidity. Current sentiment also looks increasingly crowded, with aggressive bullish positioning building while price struggles to expand cleanly higher. If momentum continues weakening around resistance and buyers fail to maintain control, the setup could remain vulnerable to a broader downside rotation. That said, highly volatile tokens can still produce sharp squeezes before continuation lower develops, so confirmation through price structure remains important.

$HYPE GO UP OR GO DOWN???

𝐂𝐌𝐂𝟐𝟎 𝐈𝐍𝐃𝐄𝐗 𝐑𝐄𝐕𝐄𝐀𝐋𝐒 𝐖𝐇𝐄𝐑𝐄 𝐒𝐌𝐀𝐑𝐓 𝐌𝐎𝐍𝐄𝐘 𝐈𝐒 𝐑𝐎𝐓𝐀𝐓𝐈𝐍𝐆 📊 Since the end of February, the CMC20 basket has behaved like a high-beta version of the broader crypto market. While $BTC (+22.7%) and $ETH (+18.6%) led large caps higher, the real explosive moves came from selective mid-cap rotations. 🚀 Top performers: ▫️ $ZEC — +151.6% ▫️ $MemeCore — +125.4% ▫️ $HYPE — +50.6% ▫️ $SUI — +41.4% This tells us something important: Capital isn’t flowing equally across the market. It’s rotating aggressively into narratives showing: ▫️ Strong momentum ▫️ Liquidity expansion ▫️ Speculative attention ▫️ Sector leadership At the same time, market breadth remains mixed. Some major assets are still underperforming despite Bitcoin strength, showing this isn’t a full altseason yet — it’s a selective rotation environment. 🔶 Why does the CMC20 matter? The CMC20 Index tracks the top 20 crypto assets by market capitalization. That makes it one of the clearest snapshots of where institutional and retail liquidity is rotating across the crypto ecosystem. In many ways, it acts similarly to the S&P500 in traditional markets: ▫️ Measuring broad market strength ▫️ Tracking capital concentration ▫️ Identifying leadership trends ▫️ Revealing sector momentum What’s interesting is that privacy coins, meme ecosystems, AI narratives, and high-performance trading protocols are all outperforming simultaneously. That reflects a market currently driven by: ▫️ Risk appetite ▫️ Narrative momentum ▫️ High-beta speculation ▫️ Fast capital rotation 🔶 𝐓𝐑𝐀𝐃𝐈𝐍𝐆 𝐇𝐄𝐈𝐆𝐇𝐓𝐒™ 𝐕𝐄𝐑𝐃𝐈𝐂𝐓 Bull markets don’t move everything equally. They reward strength, liquidity, and attention first. And right now, the CMC20 Index is showing exactly where that attention is flowing. $BTC

Bitcoin is trading at US$81 today after Trump's remarks about Iran. Bitcoin fluctuates following tensions between the US and Iran. XRP pulls back after testing key resistance. ADA follows the cryptocurrency market decline. The cryptocurrency market started the week under pressure after a new statement from the current US president, Donald Trump, regarding negotiations involving Iran. The reaction increased the volatility of Bitcoin, which reached over US$82 before losing momentum in recent hours. After a more stable weekend, BTC experienced strong fluctuations between Sunday night and Monday morning. The largest cryptocurrency in the market rose to the $82.500 range, but quickly retreated after Trump described the Iranian proposal as "totally unacceptable." Even with the recent correction, Bitcoin still holds onto some of the gains accumulated last week. The asset had started the period near US$80.800 and reached US$82.800 on Wednesday, renewing its high for the past few weeks. On Thursday and Friday, however, the buying momentum lost intensity. BTC fell to around $79.100 before trading above $80 again on Saturday. The new wave of volatility began when bitcoin retreated to $80.250 and then surged back up to $82.500. Following comments from the US president, the asset fell back below $81, reducing some of the optimism seen at the start of the session. At the time of publication, Bitcoin was trading at $81.033,43, up slightly by 0,2% in the last few hours. BTC dominance remains above 58%, while its market capitalization remains close to $1,62 trillion. Among altcoins, XRP drew attention by surpassing $1,50 for the first time in over three weeks. The move initially fueled more optimistic expectations among traders, but technical resistance held back the advance. With selling pressure returning to the market, XRP fell to the $1,45 region. ADA behaved similarly, giving back almost all of the gains registered on Sunday. Ethereum, BNB, Solana, TRX, and DOGE are still trading in positive territory on a daily basis, although all are below recent peaks. The standout gainer was SUI, which advanced approximately 12%. In the opposite direction, ZEC recorded one of the biggest drops of the day, accumulating losses of over 6%. HYPE and UNI also began trading lower. With the decline in major cryptocurrencies, the total market value fell to approximately US$2,78 trillion after reaching US$2,83 trillion in the last few hours.