B4Bit

06/23 07:48

Hyperliquid Price Stalls Under $75 Resistance—Can

Hyperliquid Price Stalls Under $75 Resistance—Can Bulls Break Out of the Consolidation? Following a rejection from the highs, the Hyperliquid price is experiencing a significant sell-off, which has dragged the levels to $66. The price has dropped by nearly 5% in the past 24 hours, with a negligible rise in volume. The primary reason behind the surge is said to be liquidity drain, ETF outflows, and trapping the long positions. With this, the HYPE price is heading towards a crucial price range where the traders continue to rebuild leveraged positions. This raises a question about whether the bulls can trigger a breakout above the consolidation or if a short-term reset comes first. HYPE Price Consolidates, But Strong Uptrend Remains Intact The daily chart shows that interest in the token has been building steadily since the May breakout, which sent the price to fresh highs. Even after facing rejection at those levels, the token is still holding above the newly formed support zone between $63.13 and $64.67, keeping the bullish case intact. Since March, the price has continued to print higher highs and higher lows, backed by strong upward moves, showing that the broader trend remains in favor of the bulls. At the same time, the orange supply block stands out as a major resistance area where sellers have repeatedly stepped in. The multiple rejections, long wicks, and failure to stay above $75 suggest profit-taking or distribution is happening at these levels. This makes it the key zone to watch, as another rejection could push the token into a period of consolidation or even a deeper pullback. Adding to that, the falling RSI points to weakening momentum, which could tilt the setup neutral to bearish if bulls lose hold of support.#2026 World Cup Posting Challenge on HTX Square #HTX Creation Challenge — Post and Win 1,500U 💥

12Поділитися