Hyperliquid's HYPE token is currently trading near $59 after bouncing off the lower edge of a falling wedge pattern. Buyers have stepped in to halt the prolonged sell-off and are pushing to retake control.
The price now faces a critical resistance zone around $63. A decisive break above this level could open the door for a stronger rally towards $70 and beyond. Technical indicators and derivatives data suggest cautious optimism, although the path remains challenging.
