Hyperliquid (HYPE) is currently trading at a crucial support zone near $40–$41, a level that aligns with the lower boundary of its rising channel and has historically acted as a strong demand area. Holding above this zone is critical for maintaining the broader bullish structure, with an immediate upside target at $43, followed by a key resistance band between $49 and $50 where the price recently faced rejection.
On the downside, a confirmed breakdown below $40 could invalidate the short-term uptrend and expose the price to deeper support levels around $35–$36, with an extended correction potentially reaching the $33 region. With price compressed between support and resistance, HYPE is approaching a decisive move, making these levels essential for traders to watch in the coming sessions.
While the broader structure still leans bullish, fading momentum and rising sell pressure suggest caution. Hyperliquid (HYPE) price is approaching a make-or-break zone near $40, where the next move will likely define short-term direction.
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