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Hyperliquid (HYPE) Price Prediction: MACD Cools as $41 Resistance Emerges as Major Hurdle

  • Hyperliquid (HYPE) is approaching a potential breakout as market participants anticipate a move towards or even surpassing previous highs.
  • Fundamentals have strengthened with on-chain activity, revenue, and TVL showing an upward trend.
  • Hyperliquid is consolidating just below $40, with strong metrics including processing over $220B monthly volume and TVL surging past $1.8B.
  • While a breakout is imminent as Hyperliquid forms a symmetrical triangle pattern, caution is advised as the MACD indicator shows a cooling momentum around the $41 resistance.

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