- Hyperliquid dropped 28.2% in the past week, now trading at $41.32 near critical $40.96 support.
- The token remains confined between $40.96 support and $46.45 resistance, defining its short-term market structure.
- A rebound scenario toward $55 may unfold if price overcomes immediate resistance levels in upcoming sessions.
Hyperliquid’s token HYPE continues to face pressure after a sharp weekly decline. The asset is priced at $41.32, reflecting a 28.2 percent loss over the past seven days. Despite this downturn, immediate support at $40.96 has gained importance as it remains close to the current trading level. The week’s correction has drawn attention to this zone, which is now shaping near-term expectations.
Weekly Decline and Market Range
Over the last week, HYPE slid from higher levels, losing over one-quarter of its value in just seven days. This movement left the token within a limited 24-hour trading band, ranging between support at $40.96 and resistance at $46.45.
The restricted span emphasizes how the market is consolidating after significant volatility. Price stability within this range remains critical as traders assess whether downside pressure continues or recovery attempts emerge.
Defining Resistance and Support in the Current Range
The market has also highlighted the importance of immediate resistance at $46.45. Notably, this level capped intraday upside moves, restricting momentum in recent sessions. At the same time, $40.96 has provided a protective base that has so far prevented further losses.
Market charts outline this support-resistance structure as the short-term framework guiding price interaction. Within these boundaries, traders continue to monitor whether the consolidation will shift toward recovery or extend declines further.
Comparative Performance and Potential Rebound Outlook
In addition to these immediate levels, HYPE trades against Bitcoin at 0.0003730 BTC, reflecting a 7.2 percent move. This comparative performance adds further perspective to the token’s short-term pressure. Market watchers also note that chart projections suggest a rebound scenario could emerge if support remains intact.
Analysts point to a potential upward move toward the $55 mark, should the price successfully navigate above current resistance. Until then, the $40.96–$46.45 range defines market structure, leaving participants attentive to upcoming sessions for direction.
