Hyperliquid’s HYPE token significantly outperformed the top crypto assets in 2026, while the average performance of the top 20 rose 14% and the median declined 15%. After rebounding to $97 following the announcement of a partnership between Hyperliquid and Intercontinental Exchange, HYPE fell 14.19% in six days. Analyst Ali Martinez said a head-and-shoulders pattern could be forming, with a 22% correction possible if a 12-hour session closes below the $76-$78 neckline. In that scenario, the next targets would be $62 and $59, while a liquidity pocket near $74 could also be tested.
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