The post Can HyperLiquid Overcome Its Struggles and Bounce Back? appeared first on Coinpedia Fintech News
After weeks of struggle, HyperLiquid is showing early signs of bouncing back. The cryptocurrency, once caught in a major slump, has climbed 8% in the last few days. That’s promising, right? But the road ahead isn’t exactly smooth. Resistance levels and weak market inflows are still holding it back. Let’s dive into what’s happening and why it matters.
A Glimpse of HYPE
For the first time in a while, HYPE’s technical indicators are hinting at a potential reversal. The MACD has turned bullish. In simpler terms, HyperLiquid shows growing momentum that could push prices higher—if enough buyers join in. But here’s the thing: investor confidence is still shaky.
The Chaikin Money Flow (CMF), which tracks capital moving in and out, is below zero. That’s a red flag. Without stronger inflows, any recovery could fizzle out before it gains real traction.
Even with its recent recovery, HYPE remains at a crossroads. Prices are hovering above the $19.47 support level, but they need to break past $23.20 to convince investors of a sustained rally.
Resistance Levels Could Make or Break the Rally
Here’s the catch. If HYPE can’t breach the $23.20 resistance level soon, it risks falling back to its $19.47 support. And that’s dangerous. Losing this level might wipe out what little confidence investors have left, making further declines more likely.
On the flip side, flipping $23.20 into a solid support could trigger a run toward $29.85. But without new inflows or more active participation from investors, that dream might remain out of reach.
What to Expect
HYPE’s recovery isn’t just about charts or percentages. It’s about trust. Investors need to see real momentum backed by capital inflows before they dive back in. Until then, progress will be slow.
The technical signs are there, but they’re not enough on their own. Stronger market support is essential. If HyperLiquid can’t attract it, the current gains could quickly disappear.