Hyperliquid Stuck Between Resistance and Support
Hyperliquid (HYPE) is struggling to regain its momentum after a sharp correction from $70-$76. The token currently trades around $54.54, caught between strong overhead resistance and important support levels. This has left HYPE in a neutral-to-bearish consolidation phase.
The immediate obstacle for HYPE is the cluster of moving averages around $56.65-$56.90. Although the token recently attempted to recover toward this zone, buyers failed to push the price decisively above it. As long as HYPE remains below $57, the latest rebound could represent consolidation rather than a sustained recovery.
A more significant resistance level sits near $61.09. Breaking and holding above this level would strengthen Hyperliquid's short-term technical structure and potentially open the way toward the $65-$68 region. If bullish momentum returns beyond that zone, HYPE could eventually make another attempt at the $70 level.