Hyperliquid (HYPE/USDT): Liquidity Trap & Impending Correction

HYPE is currently testing a major psychological and structural resistance zone near the $50.00 level. While the local trend has been bullish, the price is approaching a cluster of "dangerous liquidity" that often precedes a sharp institutional reversal. The technical structure suggests that the current expansion is reaching exhaustion.

Market Structure: The asset has been climbing within a corrective ascending wedge/channel. As the price approaches the previous swing highs around $50.00, we are observing signs of "buy-side" liquidity being engineered to lure in breakout traders before a potential hunt for "sell-side" liquidity below.

Dangerous Liquidity: Your chart identifies clear liquidity pools sitting above the $50.00 - $60.00 area. In Smart Money Concepts (SMC), these levels are often "swept" before a massive trend reversal.
omentum Indicators: * The RSI Divergence Indicator is flashing multiple bearish signals (noted by the purple "Bear" labels).
While price has made marginal new highs, momentum is failing to keep pace, suggesting a weakening of the impulsive move.
Price Projection: The anticipated path is a rejection from the current supply zone, followed by an impulsive move lower to clear the inefficient price action left during the rally. The primary objective is the structural support floor near $18.93.