Hyperliquid’s $40 Breakout: Can Bulls Summon Enough Volume to Shatter Resistance?

Hyperliquid's price action teeters at a make-or-break moment—$40 looms as the psychological battleground. Here's why traders are watching order books like hawks.

The Volume Conundrum

No breakout sticks without conviction. Current liquidity pools suggest weak hands might get shaken out before a decisive push. Market makers aren't committing—yet.

Derivatives Heat Up

Perpetual swaps show mounting leverage, but open interest remains below January's highs. Retail FOMO could be the rocket fuel... or the kindling for a stop-hunt massacre.

Institutional Whisper

OTC desks report steady accumulation from Asia-based funds. Funny how 'smart money' always buys before the marketing teams blast their 'strategic partnerships.'

Either Hyperliquid joins the $50+ altcoin club by August, or becomes another 'it had potential' gravestone in Crypto Winter 2.0's cemetery. Place your bets—the order book never lies (until it does).

Key technical points

• $40 Resistance Zone: Strong psychological and structural resistance tapped multiple times without confirmation.
• $30 Swing Low Support: Liquidity zone that remains untested and could attract price for a sweep.
• $26 Key Level: Deeper support zone with potential for reversal if tapped on volume spike.

Hyperliquid’s ongoing struggle at the $40 mark reveals underlying weakness in momentum. This resistance level has now served as a ceiling for several weeks, with each test resulting in either weak rejection candles or failed follow-through. In the absence of an impulsive breakout and volume confirmation, it is unlikely that bulls will regain short-term control.

Technically, this heightens the probability of rejection and a return to lower support zones. The $30 swing low stands out as a key liquidity level that has yet to be tapped during recent rotations. A sweep of this level could act as a liquidity grab, a common occurrence before a reversal higher. If selling pressure persists, the $26 level comes into focus as a major structural support zone where a high-probability bounce setup could form.

Although Hyperliquid has sustained an overall bullish trend, its inability to clear the $40 mark is currently capping further upside. Until a breakout occurs with strong volume, the token is likely to continue oscillating within the broader $26–$40 range. Volume remains the missing catalyst, and any legitimate breakout or breakdown will require a noticeable increase in either buying or selling pressure.

What to expect in the coming price action

Hyperliquid is likely to remain range-bound between $26 and $40 until volume validates a breakout. A sweep of the $30 level could prompt a short-term bounce, but genuine bullish continuation hinges on a convincing move above $40.