Hyperliquid continues to face resistance at the $40 mark, with multiple failed breakout attempts and subdued buying interest.
Volume has not supported a move beyond the current range, suggesting continued sideways action unless conviction returns.
Key support at $30 and $26 may attract price action if selling pressure builds in the near term.
Hyperliquid continues to trade below the critical $40 resistance zone, where repeated rejections have capped its recent upward momentum. Although there was an extended long-term trend in the past few weeks, the token failed to hold positive buys above this mark. The price action has been fairly consistent, yet it has shown no strong volume to confirm a breakout.
Each approach toward $40 has seen weak follow-through and visible exhaustion from buyers. The psychological importance of this level and its repeated tests without success reflect the presence of strong sell-side pressure. These patterns have kept the price trapped in a sideways structure, with momentum indicators showing signs of cooling.
Consolidation Expected Within Broader Price Range
In the broader context, the trend has not been broken, but technical indicators believe that further consolidation at the range between the levels of $26 and $40 is most probable. Lack of breakout volume only supports the thought that buyers are cautious, and short-term traders are still cautious. The market structure implies that it could take Hyperliquid some more time to range before a catalyst is realized.
Below the current price, the $30 zone stands out as a critical support level. This swing low has not been retested during recent trading rotations, making it a potential target if the token loses further ground. A move to this level may act as a liquidity sweep, offering a setup for a possible bounce.
Volume Required to Confirm Directional Move
If selling pressure deepens, the $26 mark becomes the next structural support. A retest of this zone could lead to a stronger reaction, especially if accompanied by increased volume. Conversely, buyers will need a clear surge in volume to push the price convincingly above the $40 resistance for a trend continuation.
Without strong volume, Hyperliquid is expected to remain confined within its established trading range. The next major move—whether upward or downward—will require clear conviction supported by volume expansion. Until then, the token is likely to oscillate between its support and resistance levels.
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