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Hyperliquid (HYPE) Approaches Key Resistance Amid Bullish Momentum
Hyperliquid (HYPE) Approaches Key Resistance Amid Bullish Momentum
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Hyperliquid''s HYPE token surged to a new all-time high of $46 this week, building on its previous record of $44. The asset now eyes the psychologically significant $50 level, which market participants view as the next critical resistance zone.
Technical indicators suggest sustained bullish momentum, with the token consistently printing higher highs. However, a developing bearish divergence on the daily RSI signals potential exhaustion in the NEAR term. While buyer enthusiasm remains strong, traders are cautioned to monitor for trend breaks that could precede a material pullback.
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