The Hyperliquid price is showing high volatility, fluctuating between roughly $45.5 and $48.7 over the past 24 hours.
After a sharp dip, the token rebounded strongly but struggled to sustain above $48, facing repeated rejections at that level.
Currently, the Altcoin is exchanging hands at around $47.39 with a 24-hour gain of 0.18%.
Source: CoinMarketCap
According to analyst Ali Martinez, Hyperliquid (HYPE) appears to be signaling a potential short-term correction. The TD Sequential indicator has flashed a sell signal on the 12-hour chart.
This technical setup is represented by the count of nine consecutive bullish candles.
It typically suggests that buying momentum may be nearing exhaustion, signaling a possible brief pullback or price consolidation.
The chart is showing that HYPE recently reached highs near the $50–$52 range before facing resistance, as indicated by the appearance of the black arrow marking the ninth candle.
Martinez’s interpretation implied that traders might consider exercising caution in the near term.
The TD Sequential “9” often appears before a downward retracement following a strong upward trend.
Despite HYPE’s impressive rally from around $31 to above $50, the latest candle’s rejection wick signals increased selling pressure.
If this pattern follows historical behavior, HYPE could test lower support levels to establish a more stable base before potentially resuming its bullish trajectory.
Hyperliquid faces key resistance at $50.7 as bulls eye $60 breakout
Recent data by analyst Lark Davis, Hyperliquid (HYPE), is showing strong bullish momentum as the price continues to climb after breaking out of a descending wedge pattern.
The recent surge has been supported by positive momentum on the MACD, indicating growing buying pressure.
However, the price is now encountering significant horizontal resistance near the $50.7 level, which aligns with the key 0.618 Fibonacci retracement zone.
This area is often viewed as a decisive point for trend continuation or reversal, suggesting that traders should closely watch how HYPE reacts around this zone.
Source: X
Davis noted that if HYPE manages to close above the $50.7 resistance with sustained volume, it could confirm a bullish continuation.
The next target would be near $60, which marks the token’s all-time high, although other analysts highlight that it will first have to overcome the resistance at $57.30.
A successful breakout above this level would likely attract more buyers and strengthen the uptrend.
Conversely, failure to overcome the $50.7 resistance may lead to short-term consolidation or a pullback toward lower support zones before another attempt at recovery.