Is Hyperliquid Heading to $60? Analyst Flags Key HYPE Support Test

TLDR: HYPE trades at $84.00, down 1.80% in 24 hours and up 8.31% over seven days, with $1.1B in volume. A 12-hour close below the 76– 78 neckline would confirm the bearish head-and-shoulders pattern. Downside targets sit at $62 and $59 if the neckline breaks, pointing to a possible 22% correction. CoinMarketCap data shows $612.39M in HYPE longs and $410.62M in shorts exposed to liquidation. Hyperliquid is drawing attention as analysts ask whether the token is heading to $60. HYPE trades at $84.24 at the time of writing, down 1.70% over the past 24 hours.