Potential Failed Auction Zone for Reversal?

Hyperlikuid is currently testing critical resistance on the range high after the impulsive rally. However, the pale volume and hesitation in the price of the price suggests a potentially failed auction and a reversal can be formed.

Recent Action Price on hyperliquid (Hyper) Showed a structured illynow from a low-only range to the range of high ones. This rally started only after the price breaks below the low range, launches failed auction scenario, setup that usually appears when the sellers are exhausted and the price quickly recovered the lost ground, which led to a sharp pressure. With now, with a set approaching the top of the range, questions that appear whether the momentum will continue or reverse.

Key technical points

• The action of the price that gathered from a failed auction at low range
• The strength did not support the continuation above the resistance
• Range of high works as a technical sales zone if the rejection confirms

Stilly from the order was impulsively, and the return of the range low marked the shift in the customer aggression. The unsuccessful auction served as a major turnaround, when the market was broken below the key level just to regain it and launched more. This behavior is often associated with the seller’s depletion and can start new bakery sequences. It was visible here as the price climbed by power, aiming the range high.

But what the current level makes such a critical lack of monitoring volume as the price that attracted in the range of high resistance. Although the structure of prices remained bikala, declining volume suggests that the market cannot have enough strength to press outside this zone. In previous bullish continuous extensions, the scope usually confirms the move. However, this time is absent.

This hesitation in the range highly increases the likelihood of potential difficulty, especially if the price starts to return to the scope. That would mimic the previously auction, except this time on top. The market can be prepared for a connection or even reversal if a confirmation occurs. There are currently no signs of strong shock monitoring above this resistance.

What to expect in the upcoming price of the store

If the hyper does not violate above the range high with a powerful volume, rejection from this level becomes more likely scenario. Traders should look at confirmation of failed premises, such as daily closing in the range, which would increase the probability of rotation back towards the middle range or previous range low.

However, clean pause and hold above the range of high strong volume would undo this setting and opened the way toward the larger.