Hyperliquid Price Analysis: HYPE Faces Resistance at $57

Hyperliquid (HYPE) is struggling to regain bullish momentum after a sharp correction from the $70-$76 range. Currently trading around $54.54, HYPE faces resistance from moving averages near $56.65-$56.90. Buyers failed to push the price decisively above this zone. As long as HYPE remains below $57, the rebound could represent consolidation rather than a trend reversal.