Saad Ullah
Hyperliquid is sitting on a knife's edge right now. After months of respecting a crucial technical level, HYPE faces its biggest test yet. One direction spells continuation, the other could trigger a nasty selloff. Here's what traders need to watch.
HYPE Price Clings to Critical Trend Band Support
Hyperliquid is currently trading at $41.14, dancing right above a trend band that's been acting like a safety net all year. This isn't just any random support level—it's the line in the sand that's kept HYPE's bullish structure intact.
The recent price action tells an interesting story. HYPE pushed up to $43.43 before hitting resistance, then pulled back to test the $40.56 low during the latest trading session on Bybit. That pullback brought it right back to the trend band, creating this make-or-break moment.
What's got traders buzzing is how cleanly HYPE has respected this technical level. After breaking above the band earlier this year, it's been using it as a launching pad for higher moves. But now comes the real test.
HYPE's Next Move: Bulls vs Bears Battle at $41
According to crypto analysts tracking the setup, the game plan is pretty straightforward. Stay above the trend band, and HYPE keeps its bullish momentum alive. Slip below, and we could see a shift to bearish territory.
That makes the $40-$41 zone absolutely critical for the coming days. It's where buyers need to show up if they want to keep this rally going. The good news? Volume has been steady, and there are signs that dip buyers are still willing to step in at these levels.
If HYPE manages to hold support and bounce, traders are eyeing a potential retest of that $47.50 resistance level. But if the trend band breaks? Then we're probably looking at a slide toward $37.50, where the next major support sits.
Right now, it's all about whether the bulls can defend their turf or if the bears finally break through this key technical barrier.
Saad Ullah
