Hyperliquid Price Stalls at $46 Amid Whale Moves, Here’s What’s Next

Hyperliquid's rally shows signs of exhaustion after a 23% gain over two months, with the token now consolidating NEAR $45.54. A 43.77% surge in trading volume to $375.75 million contrasts with a slight 0.68% daily decline, as traders weigh macroeconomic uncertainty against the token's 7.92% weekly advance.

The $49.52 resistance level—just below April's all-time high—proved insurmountable, triggering profit-taking among market participants. Federal Reserve rate cut probabilities and conflicting whale activity create headwinds, while liquidation risks loom below $42.

Technical indicators paint a neutral picture: Bollinger Bands signal tightening volatility as the RSI hovers at 54.7. The 38.2% Fibonacci level at $44.21 now serves as critical support—a breach could accelerate losses toward $35.42.