Hyperliquid has shown strong bullish momentum, yet current price action signals exhaustion as the token struggles to break through the $40 psychological level.
Analysis of the $40 Resistance Level
The $40 level serves as significant psychological and structural resistance, which has been tested multiple times without a breakout confirmation. This indicates that sellers are firmly maintaining control over this zone. Without an impulsive breakout and volume increase, it will be challenging for bulls to regain control.
Key Support Levels
Key support levels include:
* **$30:** A liquidity zone that remains untested and may attract price movement. * **$26:** A deeper support level that could act as a reversal zone if tapped on a volume spike.
Price Movement Expectations
Hyperliquid is likely to remain range-bound between $26 and $40 until volume validates a breakout. A sweep of the $30 level could prompt a short-term bounce, but genuine bullish continuation hinges on a convincing move above $40.
Despite Hyperliquid maintaining an overall bullish trend, its failure to clear the $40 mark caps further upside. Volume remains the key catalyst, and any significant breakout or breakdown will require a noticeable increase in trading activity.
