Hyperliquid at 41.46 is trading in a short-term bearish correction structure after continued rejection below recent resistance zones. Momentum has weakened compared to the previous bullish phase, while sellers are testing important support areas. Near resistance: 42.8 → 44.5 Strong resistance: 47.5 → 50.5 Near support: 40.0 → 38.5 Strong support: 35.5 → 32.8 If HYPE holds above 40.0: Price may attempt another recovery toward 44.5–47.5 A breakout above 47.5 could restore stronger bullish momentum If HYPE drops below 38.5: Correction pressure may increase toward 35.5–32.8 RSI remains neutral bearish after recent cooling, while trading volume shows weaker momentum and still lacks strong recovery confirmation. Conclusion: Trend: short-term bearish correction Key zone: 38.5–40.0 Above 44.5 confirms stronger upside continuation Below 38.5 may trigger a deeper correction phase $HYPE