Hyperliquid Faces Challenges at $40 Resistance
Hyperliquid (HYPE) is struggling to break through the $40 resistance. Despite its bullish performance, the token hasn’t managed to push past this barrier. This repeated failure suggests a period of consolidation is likely.
The $40 level has been a tough nut to crack for HYPE. Multiple attempts have been made,but sellers are holding strong. Without a significant volume surge, the price is expected to stay within a tight range. The broader trend is still positive, but the lack of a decisive move hints at a possible pullback.
Key technical levels to watch:
- $40 Resistance Zone: A critical point that has repeatedly halted upward momentum.
- $30 Swing Low Support: A potential target if the price dips.
- $26 key Level: A deeper support zone that could spark a reversal if reached.
Without a strong breakout, the price may hover between $26 and $40. The $30 level is a crucial support zone. If the price dips, it might find a floor here.A drop to $26 could set the stage for a bounce. Traders shoudl monitor volume closely for signs of a breakout.
