Hyperliquid Price Analysis: HYPE Faces Resistance at $57

Hyperliquid (HYPE) is struggling to regain its bullish momentum after a sharp correction from the $70–$76 range. Currently trading around $54.54, HYPE remains caught between strong overhead resistance and important support levels, leaving the cryptocurrency in a neutral-to-bearish consolidation phase.

The immediate obstacle for HYPE is the cluster of moving averages around $56.65–$56.90. Although the token recently attempted to recover toward this zone, buyers failed to push the price decisively above it. As long as HYPE remains below $57, the latest rebound could represent consolidation rather than the beginning of a sustained recovery.

A more significant resistance level sits near $61.09. Breaking and holding above this level would strengthen Hyperliquid’s short-term technical structure and potentially open the way toward the $65–$68 region. If bullish momentum returns beyond that zone, HYPE could eventually make another attempt at the $70 level.

On the downside, the long-term moving average near $50.77 remains the most important technical support. The $50–$51 area has held during the latest correction, making it a critical threshold for maintaining the broader recovery structure. A decisive breakdown below this support could expose HYPE to the upper-$40 range and weaken the bullish outlook further.

Momentum indicators also remain cautious. HYPE’s Relative Strength Index (RSI) is around 43.3, signaling weak buying momentum but not yet reaching oversold conditions.

For now, Hyperliquid price action remains range-bound with a slight bearish bias. A move above $57 would provide the first sign of improvement, while reclaiming $61 would offer a much stronger bullish reversal signal. Until either level is broken decisively, traders may continue to watch the $50–$51 support zone and $57 resistance closely.