Hyperliquid faces repeated rejection at the $40 resistance zone. Despite its bullish structure, the lack of breakout volume suggests consolidation will persist until a decisive move confirms a new trend.

Hyperliquid Hyperliquid

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Hyperliquid has exhibited strong bullish momentum in recent weeks, but current price action signals exhaustion as the token struggles to break through the $40 psychological resistance. This level has been tested multiple times without an impulsive breakout, suggesting that sellers remain firmly in control of this zone.

While the broader trend remains intact, the recent lack of breakout volume and the inability to surpass this resistance increase the likelihood of continued range-bound price action in the near term.