Hyperliquid price prediction

[kevin1]

Hyperliquid (HYPE) continued its uptrend, skyrocketing to a new all-time high of $62.65 on Thursday.

HYPE/USDT daily chart. Source: Cointelegraph/TradingView

Sellers are fiercely defending the $59.41 level, as they have not allowed the bulls to close above it. The first support on the downside is the 38.2% Fibonacci retracement level of $53.29. If the HYPE price rebounds off the $53.29 level with strength, the bulls will again attempt to resume the uptrend. A close above $62.65 opens the door to a rally toward $77.

Alternatively, a close below the $53.29 level suggests that the short-term traders are booking profits. The HYPE/USDT pair may then tumble to the 50% retracement level of $50.41 and then the 20-day EMA ($46.97). The deeper the fall, the longer the time needed for the resumption of the uptrend.

[ed]

hype making new all time highs

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while traders convince themselves shorting momentum is a personality trait

[tradelikepro]

bulls trying to push hype higher while short term traders aggressively secure rent money

[Melissa Way]

HYPE is consolidating near resistance. Bears are holding $59.41 for now, with $53.29 acting as key support. A clean close above $62.65 target $77 next, while losing $53.29 could lead to a deeper pull back toward $50.41.

[Italiano vero]

Key Takeaway: HYPE/USDT is currently stuck between key resistance at $59.41 and initial support at $53.29 (38.2% Fib).

Bullish Scenario: A strong rebound from $53.29 and a close above $62.65 invalidates the selling pressure, paving the way for a rally toward $77.

Bearish Scenario: A breakdown below $53.29 signals profit-taking, exposing lower supports at $50.41 (50% Fib) and $46.97 (20-day EMA), which would delay any trend continuation.