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#BullishIPO Analyst Predicts $39 Pullback if Hyperliquid Faces Another Rejection Near $50. Hyperliquid’s native token HYPE is trading near a key resistance area, with analysts warning of potential downside if rejection persists. The asset tested the $49–50 zone twice but failed to break higher. These repeated rejections suggest sellers are firmly defending the region, creating uncertainty around the token’s short term direction. According to analyst Ali, the price could fall toward $39 if the top holds and selling pressure increases. Resistance Holds Firm Near $50 The $49–50 range has been a strong resistance area following multiple failed breakout attempts. The latest price action shows a double top structure near this level. Double top patterns are often viewed as bearish setups if confirmed by continued rejection. A dotted projection on the chart illustrates a possible decline first toward $44 and potentially deeper toward $40. This aligns with broader technical levels where $44 is the nearest support, coinciding with earlier consolidation. Below that, $40 acts as psychological support, having held firm on several occasions. Deeper downside is at $31, which is the major range bottom. The pattern therefore shows $50 as a decisive barrier that the market is watching.$
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