Hyperliquid’s $HYPE is facing strong resistance near $50, with analysts predicting a potential drop to $39 if the rejection holds. The token has struggled to break through this key level, indicating bearish sentiment.
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Analyst Ali warns of a potential drop to $39 after repeated rejections around the $49–50 resistance zone.
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A whale bought 49,871 $HYPE worth $2.4M at $48.14, yet trading volume remains moderate at 19.3K.
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The RSI is at 54.47, and a bearish MACD crossover signals weakening momentum despite recovery from August lows of $36.
Hyperliquid’s $HYPE token faces resistance near $50, with a potential drop to $39 if rejection persists. Stay informed on market trends!
What is Hyperliquid’s $HYPE Token?
Hyperliquid’s $HYPE token is currently trading near a critical resistance level of $50. Analysts are closely monitoring this area, as repeated failures to break through could lead to a significant price decline.
Why is $HYPE Struggling to Break Resistance?
The $49–50 range has proven to be a formidable barrier for $HYPE, with multiple failed breakout attempts. A double top pattern has formed, which is often interpreted as a bearish signal if confirmed by continued rejection.
Frequently Asked Questions
What are the key resistance levels for $HYPE?
The key resistance level for $HYPE is around $50, with potential downside targets at $44 and $40 if rejection continues.
How does whale activity affect $HYPE’s price?
Whale activity can significantly influence $HYPE’s price. A recent purchase of 49,871 $HYPE at $48.14 suggests large buyers are active, but moderate trading volume indicates uncertainty.
Key Takeaways
- Resistance at $50: $HYPE has struggled to break this level, indicating bearish sentiment.
- Whale Activity: A significant purchase of $2.4M worth of $HYPE shows interest from large investors.
- Market Signals: Mixed momentum indicators suggest caution, with potential downside targets at $44 and $40.
Conclusion
In summary, Hyperliquid’s $HYPE token is currently facing strong resistance near $50, with analysts warning of a potential drop to $39 if rejection persists. Monitoring these key levels will be crucial for traders looking to navigate the current market conditions.
Hyperliquid’s $HYPE faces tough resistance near $50 as analysts warn of a possible drop toward $39 if rejection holds.
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Analyst Ali warns $HYPE could drop to $39 after repeated rejections around the $49–50 resistance zone.
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Whale bought 49,871 $HYPE worth $2.4M at $48.14, yet trading volume is moderate at 19.3K.
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RSI at 54.47 and a bearish MACD crossover signal weakening momentum despite recovery from August lows of $36.
Hyperliquid’s native token HYPE is trading near a key resistance area, with analysts warning of potential downside if rejection persists. The asset tested the $49–50 zone twice but failed to break higher.
These repeated rejections suggest sellers are firmly defending the region, creating uncertainty around the token’s short-term direction. According to analyst Ali, the price could fall toward $39 if the top holds and selling pressure increases.
Resistance Holds Firm Near $50
The $49–50 range has been a strong resistance area following multiple failed breakout attempts. The latest price action shows a double top structure near this level. Double top patterns are often viewed as bearish setups if confirmed by continued rejection.
A dotted projection on the chart illustrates a possible decline first toward $44 and potentially deeper toward $40. This aligns with broader technical levels where $44 is the nearest support, coinciding with earlier consolidation.
Below that, $40 acts as psychological support, having held firm on several occasions. Deeper downside is at $31, which is the major range bottom. The pattern therefore shows $50 as a decisive barrier that the market is watching.
Whale Activity and Market Signals
Onchain Lens reported that a whale deposited $2.4 million in USDC and bought 49,871 $HYPE at $48.14. This purchase came as the token consolidated below $50, raising questions on whether large buyers can influence direction near this barrier.
Despite the accumulation, trading volume is moderate at 19.3K, showing no surge in activity. Momentum indicators further show mixed conditions.
The RSI is at 54.47, slightly under its moving average of 56.90, suggesting mild weakness. Meanwhile, the MACD shows a bearish crossover, with the histogram at –0.089. This setup shows fading strength unless momentum recovers quickly.
Key Levels Ahead
The market has shown strong recovery from August lows of $36, but momentum now is stalling. Holding above $44 keeps the broader upward trend intact, yet failure at $50 strengthens the bearish setup.
If rejection continues, downside targets are at $44 and $40, as highlighted by Ali. However, analysts also note that a confirmed breakout above $50 would invalidate the bearish structure.
In that case, upside targets change toward $52–54, supporting continuation of the recent uptrend. The decision point is clear, with resistance at $50 and support at $44 acting as near-term pivots.
