Saad Ullah
Hyperliquid's native token (HYPE) has been on a tear lately, climbing from $31 to $49 in less than a week. But the party might be slowing down. Technical indicators are starting to flash warning signs that the rally could be losing steam, and traders are taking notice.
Chart Analysis: Uptrend Meets Technical Resistance
According to crypto analyst Ali, the 12-hour HYPE chart on Binance tells an interesting story. The price action shows a series of strong bullish candles that pushed HYPE from $31 all the way to $49.50—a pretty impressive move by any standard. But here's where things get interesting: the TD Sequential indicator just printed a "9", which is basically a classic warning sign that the trend might be getting tired.
The last couple of candles are showing some telltale signs of exhaustion. Those long upper wicks and smaller bodies? That's usually what happens when sellers start taking profits, especially near that psychological $50 level everyone's watching.
Key levels to keep an eye on:
- Current Price: $46.58 (down about 1.5% in the last session)
- Recent High: $49.50
- Immediate Support: $43–$44 zone, which lines up with where the price consolidated before
- Secondary Support: Around $40–$41, the previous breakout area
- Resistance Zone: $49–$52, where profit-taking is likely happening
- Technical Signal: TD Sequential "9" pointing to possible exhaustion
That little green "9" on the chart isn't just decoration. It tends to show up right before short-term pullbacks or sideways action, especially after a strong run like this one.
Market Context and What It Means
HYPE's recent surge fits into a broader pattern we've been seeing across DeFi tokens and on-chain trading platforms. Hyperliquid has been gaining attention for its decentralized derivatives model, offering traders the kind of liquidity and transparency that's hard to find elsewhere. That's definitely helped fuel the token's momentum. But when prices climb this fast, profit-taking is almost inevitable. The market needs to catch its breath, and that TD Sequential signal is basically saying the same thing—buyers might be ready to take a pause before pushing for another leg up.
If HYPE manages to stay above that $44 support level, the overall structure still looks bullish. But if it slips below, we could see a deeper pullback toward $40 before buyers step back in. These levels matter because they'll show whether this is just a quick breather or something more significant.
Saad Ullah
