HYPE/USDT Bulls Eye $50.00 Key Zone After Strong Uptrend

Hyperliquid Price Analysis – August 16

Hyperliquid price shows a market dominated by bullish momentum. The asset is currently consolidating near its recent highs, signaling strong buyer control and the potential for a continued push into new price territory.

Hyperliquid Key Levels

Support Levels: $40.840, $36.707, $29.890
Resistance Levels: $50.000, $48.000

Hyperliquid Long-Term Trend: Bullish (Daily Chart)

HYPE/USDT reveals a powerful and sustained uptrend that has been in place for several months. The price has consistently carved out a pattern of higher highs and higher lows, indicative of a strong bullish market structure. After breaking through multiple resistance levels, the asset is now trading near the psychologically significant $50.00 mark, having established new support at the $46.314 level.

Currently trading at approximately $47.450, Hyperliquid is demonstrating resilience and strong buying pressure. The ascent to this level has been marked by brief, healthy corrections that have found support at previous resistance zones, confirming the strength of the underlying trend.

The market’s immediate focus is on the $50.00 resistance. A decisive breakout above this level would signal a continuation of the rally and open the door to further price discovery. The Stochastic Oscillator on the daily chart is at 82.13, entering the overbought region. While this can sometimes suggest a pending reversal, in a strongly trending market like this, it can also signify persistent bullish strength. The Momentum indicator is at 6.568, a robust positive value that confirms the significant upward force driving the price.

Hyperliquid Short-Term Trend: Bullish (4-Hour Chart)

The 4-hour timeframe highlights a recent phase of consolidation just below the $50.00 resistance. The price has been trading in a relatively tight range, suggesting a temporary equilibrium as bulls gather strength for the next potential move higher. The support at $46.314 has been respected during recent minor pullbacks, reinforcing its importance in the short term. The consolidation appears to be a healthy pause within a larger uptrend.

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