The Hyperliquid token continues to face resistance at the $40 level, showing lack of buyer conviction.
Resistance at $40
Hyperliquid continues to trade below the critical $40 resistance zone, where repeated rejections have limited its recent upward momentum. Each attempt to break this level has seen weak follow-through and lack of strong buying volume.
Expected Consolidation within Price Range
From a broader perspective, the market structure remains intact, with technical indicators suggesting further consolidation between $26 and $40. The lack of breakout volume indicates buyer caution and short-term traders' hesitation.
Volume Needed to Confirm Directional Move
If selling pressure increases, the $26 mark becomes the next key support level. A retest of this level could lead to a stronger reaction if accompanied by increased volume. Conversely, buyers will need clear volume surges to push price above the $40 resistance.
The Hyperliquid token is likely to remain confined within its established trading range until clear signals for further movements arise, supported by volume.
