Hyperliquid Fails to Break $40 Resistance, Consolidates Between $26 and $40

Hyperliquid, a prominent digital asset, continues to encounter resistance at the $40 mark, with multiple failed attempts to break through this level. The subdued buying interest and lack of volume support have kept the token within a sideways trading range, indicating a lack of conviction among traders. This resistance has been a significant barrier, preventing the token from sustaining upward momentum despite recent attempts to surpass it.

The price action around the $40 mark has been characterized by weak follow-through and visible exhaustion from buyers. The psychological significance of this level, coupled with repeated rejections, suggests strong sell-side pressure. This has resulted in a consolidation phase, with momentum indicators showing signs of cooling. The market structure implies that Hyperliquid may need more time to range before a significant catalyst emerges, driving the price out of its current trading range.

In the broader context, the trend has not been broken, but technical indicators suggest that further consolidation within the range of $26 to $40 is the most probable outcome. The lack of breakout volume supports the idea that buyers are cautious, and short-term traders are hesitant to commit. This cautious approach is likely to keep Hyperliquid within its established trading range until a clear directional move is confirmed by a surge in volume.

Below the current price, the $30 zone stands out as a critical support level. This swing low has not been retested during recent trading rotations, making it a potential target if the token loses further ground. A move to this level may act as a liquidity sweep, offering a setup for a possible bounce. If selling pressure deepens, the $26 mark becomes the next structural support. A retest of this zone could lead to a stronger reaction, especially if accompanied by increased volume.

Conversely, buyers will need a clear surge in volume to push the price convincingly above the $40 resistance for a trend continuation. Without strong volume, Hyperliquid is expected to remain confined within its established trading range. The next major move—whether upward or downward—will require clear conviction supported by volume expansion. Until then, the token is likely to oscillate between its support and resistance levels, with key support at $30 and $26 acting as potential turning points.