HYPE Token Faces Strong $50 Resistance, Could Slide to $39
Hyperliquid’s HYPE token is confronting a key resistance zone at $49–50. After multiple failed breakout attempts, analyst Ali warns the HYPE token could decline to $39 if the rejection persists. A whale recently purchased 49,871 HYPE tokens for $2.4 million at $48.14, but trading volume remains moderate at 19.3K, indicating uncertainty. Technical indicators show mixed momentum: the RSI stands at 54.47 (below its 56.90 moving average) and the MACD exhibits a bearish crossover. Support levels lie at $44 and $40, with deeper footing at $31. A confirmed breakout above $50 would invalidate the bearish setup and open targets toward $52–54. Traders should watch these price points closely.
Bearish
Resistance at the $49–50 zone has repeatedly halted HYPE token rallies, creating a bearish double-top formation. The bearish MACD crossover and an RSI below its moving average point to weakening momentum. Despite a $2.4M whale buy, moderate volume shows limited buying interest. Historically, similar resistance rejections in altcoins often precede corrective drops. In the short term, traders may face stop-loss triggers as the token fails to clear resistance. Over the long term, sustained failure to breach $50 could reinforce bearish sentiment, while only a decisive breakout with strong volume would offer a bull signal.