HYPE Is Up 130% In 2026 — But This Top Analyst Sees A Dangerous Setup Forming Around $60
Hyperliquid’s HYPE token has surged 55% in a single week and delivered greater than 130% in year-to-date returns — however distinguished crypto analyst Ali Martinez (@alicharts) is warning that the asset is now approaching a important resistance zone with a number of technical indicators flashing promote indicators concurrently, a setup he says might set off a retracement towards $40 if momentum fades at present ranges.
In a publish on X, Martinez laid out the technical case with precision. Three converging indicators are showing on HYPE on the identical time: the TD Sequential Combo 13 promote sign is already lively, a normal inexperienced 9 promote sign might verify as early as the subsequent session, and each the Relative Strength Index (RSI) and the Chande Momentum Oscillator are sitting at traditionally elevated — or overheated — ranges, per the analyst’s evaluation.
Why The Setup Concerns Martinez
The significance of the present configuration lies in precedent. According to Martinez’s publish, the final two events when TD Sequential promote indicators appeared on HYPE whereas the RSI and Chande Momentum Oscillator had been concurrently at overheated ranges, each situations led to important corrections. The analyst just isn’t pointing to remoted indicators — he’s pointing to a selected mixture of indicators that has already confirmed consequential twice in HYPE’s comparatively quick value historical past.
The analyst does depart room for one closing push earlier than any reversal materializes. HYPE might nonetheless push towards $59 and even barely above $60 earlier than momentum fades, he notes — however frames that transfer as a possible exhaustion run quite than the start of a brand new leg greater. If rejection comes from the $59–$60 space, a retracement towards roughly $40 turns into more and more probably, per his evaluation.
That would symbolize a pullback of roughly 33% from the higher resistance zone — significant, however according to the corrections that adopted the earlier two promote sign setups he references.
ZCash Flashing A Similar Warning
Martinez additionally flagged ZCash in the identical publish, noting a comparable technical construction after a 40%-plus weekly surge. ZCash is approaching the identical resistance zone that triggered a serious rejection in November — across the $700–$730 space — with the TD Sequential now flashing a promote sign on the weekly chart.
Because the sign seems on the weekly timeframe, Martinez warns the potential correction may very well be considerably bigger, with first draw back help close to $500 and a deeper retracement doubtlessly reaching $380.
The parallel between the 2 belongings is notable on condition that BitMEX founder Arthur Hayes has publicly disclosed giant positions in each HYPE and ZCash — with a $150 HYPE goal and a $10,000 long-term ZCash goal — making the present resistance zone a important take a look at of two of his highest-conviction calls concurrently.
As of this writing, HYPE trades at round $56, consolidating just under the important $59–$60 resistance zone that Martinez has recognized because the make-or-break stage for the near-term value trajectory.
Cover picture from Perplexity, HYPEUSD Chart from Tradingview