🚨 HYPE’s Price Plummets: Bear Flag or Just a Bad Hair Day? 🚨

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Well, strap in, space travelers, because Hyperliquid (HYPE) is doing its best impression of a marble in a pinball machine – and it’s not winning any high scores. Across multiple timeframes (whatever those are, but they sound important), HYPE is looking about as steady as a three-legged stool on a unicycle. Traders, those wizards of the charts, are waving their hands frantically at a bearish price structure and momentum that’s fading faster than a politician’s promise. 🧙‍♂️💨

As of this galactic press time, HYPE is hovering around $25, with a market cap of $6 billion. That’s enough to rank it #31 in the crypto circus, but let’s be honest, who’s counting? Oh, right, everyone. Anyway, it’s down nearly 3% in the last 24 hours, despite a modest 2% gain over the past week. So, it’s basically the financial equivalent of taking one step forward and then face-planting into a cake. 🍰😩

Bear Flag Pattern: The Doom Flag of Doom?

Crypto analyst Ali Martinez (or as I like to call him, Captain Chartbeard) shared a 12-hour chart that looks like a bear flag formation. For those not fluent in chartese, this is basically a pattern that says, “Hey, things are about to get worse.” It’s like a weather forecast predicting rain, but instead of rain, it’s financial tears. 🌧️💸

Hyperliquid $HYPE is forming a flag that could result in a move to $19. 🚩💥

– Ali Charts (@alicharts) January 8, 2026

If this flag breaks (not the kind you wave at parades), HYPE could plummet to $19. That’s based on some fancy math involving the previous decline, which I’m sure is totally accurate and not just a wild guess. 🤓✨

But wait, there’s more! Market observer Hyper_Up (a name that sounds like a caffeine-fueled superhero) chimed in with a worst-case scenario: a drop to $17. “In the worst-case scenario, the price could drop to the $17 area,” they said, probably while dramatically sipping coffee. ☕🤯 They also mentioned some internal liquidity near $24 that might slow the fall, but don’t hold your breath for a strong reversal. “A strong reversal from there should not be expected,” they added, because why end on a hopeful note? 😑

“A strong reversal from there should not be expected.” 🚫🔄

Meanwhile, the liquidity area around $28 was cleared recently, which is like removing the safety net from a high-wire act. Sellers are in control, and a reversal is about as likely as a snowball surviving in hell. ❄️🔥

Indicators: The Bearish Symphony Continues

On the 1-hour chart (because who doesn’t love a good hourly drama?), momentum is as negative as a Monday morning. The 9-period EMA is below the 21-period EMA, and the price is trading beneath both. It’s like a financial game of limbo, but no one’s having fun. 🕺💔

HYPE Chart: A Picture of Despair

The MACD is also in bearish territory, with the MACD line below the signal line and the histogram showing more negative pressure than a vacuum cleaner. There are early signs of slowing momentum, but no crossover has formed. So, it’s like waiting for a bus that may or may not arrive. 🚌🤷‍♂️

In other news, Grayscale has filed statutory trusts for both BNB and HYPE with the Delaware Division of Corporations. This is apparently a necessary step before filing for ETFs with U.S. regulators. Because nothing says “financial innovation” like more paperwork. 📑✨

So, there you have it, folks. HYPE’s price is in freefall, the charts are waving red flags, and the only thing certain is uncertainty. But hey, at least it’s not boring. 🚀💥

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2026-01-09 22:22