Hyperliquid Faces Pivotal Resistance Test at $42.24
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BTCCSquare news:
Hyperliquid (HYPER) approaches a decisive moment as it challenges a critical resistance zone at $42.24. This level, now acting as resistance after previous support, combines multiple technical indicators—value area high, 0.618 Fibonacci retracement, and VWAP SR from the all-time high.
A successful breakout WOULD reignite bullish momentum, while rejection could confirm a bearish lower high structure targeting $32. Market participants await the resolution of this technical inflection point, which will dictate HYPER's trend direction in the coming weeks.
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