Hyperliquid Plunges: Will Token Reach $25 Before Year End?

Hyperliquid’s native token has taken a sharp downturn, dropping from the top 20 cryptocurrencies by market cap after an explosive 18% drop in value. The token now trades around $33 and holds a valuation of roughly $9 billion – a significant decline from its September peak above $58 and near-peak valuations of over $16 billion just months ago. Technical analysis suggests potential for further declines, with analyst Ali Martinez predicting another 25% drop to the $25 level based on a bearish head and shoulders pattern.