Hyperliquid rejects at $41.55 — healthy correction or breakdown ahead?

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.