HYPE Token dey face strong $50 resistance, fit slide go $39
Hyperliquid HYPE token dey face key resistance zone for $49–50. After plenty failed breakout attempts, analyst Ali yan say if the rejection continue, HYPE token fit drop go $39. One big whale buy 49,871 HYPE tokens for $2.4 million at $48.14, but the trading volume still moderate for 19.3K, showing say people no too sure. Technical indicators dey show mixed momentum: RSI dey 54.47 (below e 56.90 moving average) and MACD get bearish crossover. Support levels dey $44 and $40, with stronger support at $31. If e breakout pass $50 confirmed, e go kill the bearish setup and open targets go $52–54. Traders suppose watch these price points well.
Bearish
Resistance for di $49–50 zone don dey always stop di HYPE token rallies, e form one bearish double-top pattern. Di bearish MACD crossover and di RSI wey dey below e moving average dey show say momentum dey weaken. Even though one whale buy wey cost $2.4M happen, di moderate volume still show say buying interest no too high. Historically, similar resistance rejection inside altcoins na im normally dey come before corrective drops. For short term, traders fit face stop-loss triggers as di token no fit clear resistance. For long term, if e still no fit break $50, e fit make bearish sentiment strong, meanwhile only strong breakout with heavy volume go fit give bull signal.