Will Hyperliquid (HYPE) Overcome $30 Resistance or Face a Short-Term Correction?

Will Hyperliquid (HYPE) Overcome $30 Resistance or Face a Short-Term Correction?
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Hyperliquid is stabilizing near $27 after weeks of decline, with selling pressure slowing.
Holding above the $25 support level remains important for short-term stability.

Hyperliquid is showing early signs of stability after a long period of downside pressure. The token is currently trading near $27.38, posting a modest gain of around 0.7% over the past 24 hours. During the latest session, Hyperliquid recorded an intraday low near $26.53 and climbed to a high of about $28.40 before easing back, reflecting cautious buying activity rather than aggressive momentum.
Looking at recent price action, Hyperliquid has been in a clear downtrend since late October. The price has continued to form lower highs and lower lows, reflecting weak market sentiment through November and December. However, the latest candles indicate a slowdown in selling, with the price attempting to build a base near the $25–$26 zone before pushing slightly higher.
Moving Averages Highlight Resistance Ar

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