Double-Top Pattern Sparks Deeper Correction Fears in Hyperliquid

Hyperliquid (HYPE) has dropped over 13% from its record high of $76.70 after a wave of profit-taking hit the market.

The decline follows one of the strongest rallies in crypto this month, fueled by heavy derivatives activity and tokenized SpaceX exposure on the Hyperliquid ecosystem.

According to data from crypto.news, HYPE's price fell to an intraday low near $65.7 on June 19, extending losses from its June 16 all-time high of $76.70.