Trading King

06/23 11:34

Hyperliquid Price Stalls Under $/5 Resistance-Can

#World Cup Predictions: 100,000 USDT Daily #2026 World Cup Posting Challenge on HTX Square #HTXCommunity4thAnniversary Hyperliquid Price Stalls Under $/5 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.

HYPEUSDT

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