HYPE is DOOMED! 📉

by

Ah, Hyperliquid [HYPE]… a most curious specimen of modern financial folly. November and December have witnessed its slow, agonizing descent – a veritable tragedy! A momentary, pathetic twitch of a 24.1% price bounce from a paltry $29.15 to a marginally more respectable $36.17… a vain attempt to defy the inevitable, you see. It failed, naturally. It always does. 🤷

A report, yes, another report filled with pronouncements and anxieties, speaks of these monthly ‘unlocks’ of HYPE. Ten million units unleashed upon an unsuspecting world! What wickedness is this?! The purpose remains shrouded in mystery, a darkness that only time – and perhaps a few more months of agonizing unlocks – will illuminate. Young Jason of Delphi Digital posits that we need to wait for the full extent of the suffering to become clear. Patience, he says. As if patience can mend a broken spirit! 🙄

And then, the whales… those leviathans of the crypto seas, accumulating HYPE. But even their vast fortunes failed to instill confidence in the masses! A cautious market, you say? Cautious? It is paralyzed by a creeping dread, I tell you!

Why the HYPE trend remains firmly, agonizingly bearish

Observe, if you will, the 1-day chart. A vision of despair! The structure, alas, is reinforced in its bearishness. Since October, a relentless procession of lower highs and lower lows… a symphony of loss! The breach of $29.15 on the ninth of December? A confirmation of our deepest fears. It signifies… more losses. Of course! The area between $30.35 and $35.36? A supply zone, brimming with those eager to profit from the misfortune of others!

Any attempt at recovery will be met with… resistance. A most unpleasant word, wouldn’t you say? The DMI – a cold, heartless instrument – confirms the downward spiral. And the CMF? Below -0.05, a stark signal of capital fleeing the scene like rats from a sinking ship! 🐀

Fibonacci extensions, based on the swing of fortunes from $50.16 to $29.15, predict a grim fate: $24.19. Ah, the precision of numbers in quantifying our misery! The hourly chart offers a fleeting glimmer of hope – a deceptive uptrend, quickly overshadowed by…neutrality. A balanced emptiness. The resistances at $29.89 and $30.68? Mere illusions!

What HYPE bulls need to achieve to flip the downtrend – a hopeless quest?

The bearish structure break on the daily chart… a hammer blow to any remaining optimism. To truly reverse this trajectory, the bulls – those naive dreamers – must surpass $36.17. An unlikely event, given the prevailing mood and the relentless outflow of capital. A fool’s errand, I say! 🤡

Traders’ call to action – isn’t it always to profit from suffering?

The hourly structure, for now, clings to a semblance of bullishness. But once that crumbles – and crumble it shall! – the short positions beckon. Or, perhaps, a retest of that foolish resistance at $30.68, a final opportunity to – shall we say – benefit from the inevitable decline. A drop to $24.19 awaits, though it may take a time, a lingering agony…

Final Thoughts

  • The Hyperliquid price chart… bearish on the grand scale, though a momentary flicker of hope on the hour. A cruel jest of fate!
  • The higher timeframe dictates our destiny. Wait for the rejection from $30… and then, prepare for further decline. It is written!

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2025-12-11 04:11