Hyperliquid Price Analysis – October 7
HYPE/USDT rebounding from recent lows near $46.314, as buyers defend key supports amid renewed crypto interest. With volatility expanding, the pair eyes a retest of overhead resistance, potentially setting up for higher highs if bullish flows persist.
Hyperliquid Key Levels
Support Levels: $39.957, $46.314, $18.793
Resistance Levels: $50.079, $59.957, $70.000
Hyperliquid Long-Term Trend: Bullish (Daily Chart)
On the daily timeframe, HYPE/USDT demonstrates a robust uptrend structure, characterized by higher highs and higher lows since the February bottom around $10.126. Following a sharp rally to $59.957, the price entered a corrective phase. The Relative Volatility Index shows the main line at 47.93 and signal at 59.84, positioned in expansion mode above 50 on the signal. This confirms increasing volatility that supports the bullish trend resumption after consolidation.
The Money Flow Index (MFI) at 44.35 hovers in neutral territory, with a recent uptick from oversold levels indicating improving money inflows that align with the uptrend. The chart highlights a demand zone around $46.314-$39.957, where order blocks from prior accumulation may attract liquidity. A sustained hold here could propel price toward the 61.8% Fibonacci extension at $59.957, tying into RVI’s volatility signals for potential breakout trades.
Hyperliquid Short-Term Trend: Neutral (4-Hour Chart)
On the 4-hour chart, HYPE/USDT trades at $48.819 with a minor -0.15% dip, reflecting intraday ranging after a volatile swing from $59 down to $46, now compressing near the midpoint.
The MFI (14) at 36.74 nears oversold, hinting at undervaluation and room for a snap-back rally if inflows increase during retests.
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