Hyperliquid Price Stalls Near $90 After Token Unlock

Hyperliquid remains close to its recent record high after navigating a massive token unlock worth roughly 820 million dollars. Buyers have managed to hold the price steady despite the sudden influx of supply, showing that demand remains present for now.

However, price action is currently stalling just below the 90 dollar mark. Heavy liquidity near the 87 to 90 dollar range is acting as a major hurdle for bulls looking to push higher. This zone is currently creating a tough ceiling that the market has not yet been able to break through.

Daily momentum is also starting to shift. The MACD indicator has turned bearish, suggesting that the recent growth may be losing steam. Traders should keep an eye on support levels below the current price, as a failure to hold those could lead to a deeper retracement.