Hyperliquid Pullback Could Set Up the Next Rally

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Hyperliquid Pullback Could Set Up the Next RallyHYPERLIQUID / US DOLLARPYTH:HYPEUSDew-forecastHyperliquid (HYPEUSD) remains one of the best-performing assets in the crypto market, continuing to show relative strength despite the recent slowdown. While the price action has lost some momentum in the short term, the broader bullish structure remains constructive. The current price action may be completing wave “c” of an abc correction within a higher-degree wave 4. If this interpretation is correct, the ongoing weakness could represent the final stage of the corrective phase before the next bullish leg begins. The key area to watch is the 51–50 support zone. Ideally, price should find buyers around this area and hold above it, which could create the foundation for a renewed advance into wave 5 of (3). A stronger bullish confirmation would come with a sustained move above the channel resistance line and the 72 level. A decisive break above this area would provide additional evidence that the correction is complete and that HYPE has entered the next impulsive phase higher. Until then, some short-term volatility and pullbacks should be expected. However, as long as the 51–50 support area remains intact, the broader bullish scenario continues to favor another move higher.