Hyperliquid Faces Potential Liquidations Amid Bearish Sentiment

Hyperliquid (HYPE) is currently trading at approximately $30. According to NS3.AI, around $2.81 million in short positions may face liquidation if the price surpasses $35. Technical indicators, such as a negative Chaikin Money Flow reading, indicate dominant outflows and a bearish short-term sentiment. The analysis suggests a higher likelihood of the price moving below $30 rather than breaking above $33, which could pave the way for a rise to $36.