Analyst Warns of $39 Pullback in Hyperliquid Token If Resistance Near $50 Holds

Analyst Ali warns that the Hyperliquid token ($HYPE) could experience a significant downturn, potentially dropping to $39 if sellers defend the resistance near $50. The token’s price has repeatedly failed to break above this area, suggesting strong selling pressure from market participants. While a whale purchased a large quantity of HYPE at a cost of $2.4 million near $48.14, trading volume remains moderate, leaving questions about whether it will translate into significant momentum.