Hyperliquid Fails to Break $40 Resistance Despite Bullish Trend

Hyperliquid, a prominent token, has been facing significant resistance at the $40 mark, despite exhibiting strong bullish momentum in recent weeks. The token's inability to break through this psychological barrier has led to repeated rejections, indicating that sellers are firmly in control of this zone. This resistance level has been tested multiple times without an impulsive breakout, suggesting that the token may continue to consolidate until a decisive move confirms a new trend.

The broader trend for Hyperliquid remains bullish, but the recent lack of breakout volume and the inability to surpass the $40 resistance increase the likelihood of continued range-bound price action in the near term. Key technical points to consider include the $40 resistance zone, which has been tapped multiple times without confirmation, and the $30 swing low support, which remains untested and could attract price for a sweep. Additionally, the $26 key level serves as a deeper support zone with potential for reversal if tapped on volume spike.

The ongoing struggle at the $40 mark reveals underlying weakness in momentum. This resistance level has now served as a ceiling for several weeks, with each test resulting in either weak rejection candles or failed follow-through. In the absence of an impulsive breakout and volume confirmation, it is unlikely that bulls will regain short-term control. Technically, this heightens the probability of rejection and a return to lower support zones. The $30 swing low stands out as a key liquidity level that has yet to be tapped during recent rotations. A sweep of this level could act as a liquidity grab, a common occurrence before a reversal higher. If selling pressure persists, the $26 level comes into focus as a major structural support zone where a high-probability bounce setup could form.

Although Hyperliquid has sustained an overall bullish trend, its inability to clear the $40 mark is currently capping further upside. Until a breakout occurs with strong volume, the token is likely to continue oscillating within the broader $26–$40 range. Volume remains the missing catalyst, and any legitimate breakout or breakdown will require a noticeable increase in either buying or selling pressure.

In the coming price action, Hyperliquid is likely to remain range-bound between $26 and $40 until volume validates a breakout. A sweep of the $30 level could prompt a short-term bounce, but genuine bullish continuation hinges on a convincing move above $40. The resistance in question is just below HYPE's all-time high of $45.80. If the bulls manage to push through, analysts believe the token could surge another 41%.