Hyperliquid $HYPE Fails $50 Breakout as Analysts Warn of 22% Pullback Risk

Hyperliquid’s native token $HYPE is currently testing a critical resistance area near $50, with analysts cautioning that repeated rejections could lead to a pullback toward $39. Analyst Ali has warned that if sellers continue to defend the $49–50 range, the price may decline to the $44 level first, with further potential support at $40 and deeper targets near $31. This forecast comes after the token has already formed a double-top pattern near the $50 resistance, signaling bearish implications if the pattern is confirmed by ongoing rejection [1].

The token’s price has shown signs of weakening momentum, despite a recovery from its August lows of $36. Recent on-chain data revealed a whale purchasing 49,871 $HYPE tokens at $48.14, representing a $2.4 million investment. However, this accumulation has not been accompanied by a significant increase in trading volume, which remains at 19.3K. Analysts view this as a sign that the market remains indecisive near the key resistance level [1].

Technical indicators also suggest a bearish bias. The Relative Strength Index (RSI) is at 54.47, slightly below its moving average of 56.90, indicating mild weakness. Additionally, the MACD has shown a bearish crossover, with the histogram at –0.089, reinforcing the idea that upward momentum is waning. These signals, combined with the double-top pattern, raise concerns that the $50 level may prove too strong for $HYPE to overcome [1].

The current market structure suggests that $44 is the nearest support level, with $40 offering psychological support that has held in previous sessions. A breakdown below $44 could further test these levels, especially if selling pressure increases. Conversely, a confirmed breakout above $50 would invalidate the bearish outlook and potentially drive the price toward $52–$54, extending the recent uptrend [1].

The market now awaits a clear directional move, with $50 and $44 serving as pivotal levels in the short term. Investors are closely monitoring whether large buyers can tip the balance or if sellers will maintain control near the $50 resistance. For now, the technical outlook remains cautious, and any further rejection could lead to a pullback in line with analyst projections.

Source: [1] Analyst Predicts $39 Pullback if Hyperliquid Faces Another Rejection Near $50 (https://cryptofrontnews.com/analyst-predicts-39-pullback-if-hyperliquid-faces-another-rejection-near-50/)