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HYPE Struggles Near Resistance — Will the Weekly Close Determine Hyperliquid’s Trajectory?
HYPE rebounds from $40 support but faces strong resistance near the $50–52 range.
Low trading volume shows weak buyer conviction despite recent upward movement.
Weekly close above $52 could confirm bullish continuation toward the $65–70 zone.
The clock is ticking, and the market feels tense. Hyperliquid — HYPE, is at a crucial point as traders watch the weekly candle edge toward completion. After a sharp recovery from recent lows, the token now faces heavy resistance that could decide its next chapter. Bulls fight to keep momentum alive, while bears circle, waiting for a sign of weakness. The outcome could define whether HYPE breaks higher or sinks back toward support.
Resistance Test and Current Price Action
HYPE’s charts tell a story of recovery mixed with hesitation. After sliding to the $40 zone, HYPE rebounded above $49, finding renewed interest from buyers. That bounce restored confidence, but the $50–52 area now acts as a formidable barrier. Every approach toward this range has triggered selling, keeping the market in a state of suspense.
Trader Voided ₿ highlighted this exact pressure zone, calling it a make-or-break moment. The mid-channel resistance is holding firm, like a locked gate guarding the next rally. Until buyers gather enough strength, HYPE remains stuck between opposing forces. The $40 level stands as a proven floor, but it may need to hold again if resistance persists.
HYPE's trading volume tells a quieter story. While price action shows life, participation remains lukewarm. The rebound feels more cautious than confident, with many traders still on the sidelines. A stronger breakout would require broader conviction, something the market has yet to show.
Key Technical Insights and Market Outlook
The current setup offers both risk and opportunity. The $40 support zone continues to serve as a lifeline, where buyers previously stepped in to stop deeper losses. Above, the $50–52 ceiling aligns with the mid-channel structure that defines short-term limits. Should HYPE manage to clear this area, a path could open toward $65–70. That move would likely confirm bullish continuation and attract new momentum traders.
However, hesitation still hangs over the broader crypto landscape. Bitcoin’s stability has offered a moment of calm, allowing altcoins to breathe again. Yet, macroeconomic uncertainty and shifting liquidity conditions continue to dampen enthusiasm. Many investors prefer to wait for stronger signals before making aggressive entries. For HYPE, the coming hours could bring clarity. A firm weekly close above $52 would send a strong message that bulls remain in control.
Failure to push through could invite another retest of lower levels, where confidence might waver. Every candle now feels heavy with meaning, carrying the hopes of both sides. The token stands like a tightrope walker balancing between recovery and rejection. The weekly close will likely reveal which direction the wind truly blows.