Hyperliquid rejects at $41.55 — healthy correction or breakdown ahead?
2025-07-01 16:45:25
Main Idea
Hyperliquid (HYPE) is testing a critical resistance zone at $41.55, with potential for a corrective pullback toward $26.53 if the resistance holds.
Key Points
1. Hyperliquid is facing a key resistance zone at $41.55, where the Golden Pocket Fibonacci retracement aligns with prior price structure.
2. Momentum is stalling, and an ABC corrective pattern may be forming, suggesting a potential pullback.
3. The next key support level is at $26.53, which coincides with a lower Fibonacci level and high time frame support.
4. The current price action does not show aggressive selling, but a failure to reclaim $41.55 with strong volume could lead to a retracement.
5. A pullback toward $26.53 may offer a buying opportunity if support holds and a higher low forms.
Description
Hyperliquid is testing a critical resistance zone around $41.55, where the Golden Pocket Fibonacci retracement overlaps with prior price structure. With momentum stalling and an ABC corrective pattern potentially forming, a retracement appears likely. Following a strong rally, Hyperliquid ( HYPE ) has run into a technically significant resistance zone. The $41.55 level marks a prior horizontal resistance that now aligns with the 0.618 Fibonacci retracement, forming what is commonly referred to a...
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