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Hyperliquid price rebounds from sharp drop but faces key resistance at $58.

Technical Signals
04 Aug 2026
Tokenpost
View Source
Neutral
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Hyperliquid (HYPE) price fell nearly 30% after a strong rally but found support near $50, its 200-day EMA. The token has since rebounded to around $56 and is testing resistance at the 50-day EMA near $58, a critical level linked to past support-turned-resistance. While the recovery eases bearish pressure, technical indicators and declining trading volume suggest cautious buying and a still-corrective trend. A decisive break above $58-$60 could signal stronger bullish momentum, while failure to hold current levels risks another drop toward $50 support.

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