HYPE/USDT Lifts Off Support Near $39.90 Key Zone

Hyperliquid Price Analysis – October 13

Hyperliquid has initiated a measured rebound from a recent corrective low, currently trading near $40.83, up 3.09% on the day. The move follows a severe dip earlier this week that tested the $29.89 liquidity base. This is an area of historic demand where bids have reemerged to cushion losses.

Hyperliquid Key levels:

Resistance: $46.31, $50.98
Support: $39.95, $29.89

Hyperliquid Long Term Trend- Bullish ( Daily Chart)

Despite the recovery, HYPE/USDT remains below former range support at $46.31, which now poses a significant resistance barrier. The market’s broader structure appears to be in early recovery mode after a breakdown retracement. This hint at possible mid-range reaccumulation if buyers sustain momentum through the week.

The Percentage Price Oscillator (PPO) histogram maintains deeply negative readings. It is curling upward, currently near 3.24 with the signal line flattening. This is an early evidence that bearish momentum has lost edge. Meanwhile, the Relative Strength Index (RSI) at 41.31 shows that selling pressure has cooled, though upside energy remains tepid.

For trend confirmation, HYPE/USDT must secure a daily close above $46.31, aligning with the 50-day mean reversion zone, which would signal the start of a potential impulsive move toward $51. Conversely, sustainment below $39.90 risks renewed tests of the lower accumulation shelf into the $30 region.

HYPERUSDT Short Term Trend- Bullish (4-hour chart)

On the 4hr chart, HYPE/USDT trades near $40.73, staging a modest rebound off its short-term base. The formation of higher lows above $39.50 underpins the initial leg of recovery, as intraday buyers exploit an overextended selloff.

The PPO has turned positive for the first time in over a week, showing a bullish crossover near zero with histogram expansion. This reinforces the idea that momentum has swung slightly in favor of buyers. The RSI rests around 49.4, consolidating near its midpoint a neutral stance. This suggest balanced pressure between sides before any decisive expansion.

Make money without lifting your fingers: Start using a world-class auto trading solution 

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.