Hyperliquid (HYPEUSD) Asserts a New Bullish Cycle

Hyperliquid Price Forecast: July 1

Today, the HYPEUSD asserts a new bullish cycle as the crypto approaches the upper resistance channel, bolstering more buying pressure. Thus, a sharp breakout and closure above the current correction phase at a $45.77 high value will invalidate any bearish thesis and extend the token price to a $47.00 upper resistance level amidst increasing network activity.

Key Levels:
Resistance Levels: $39.00, $40.00, $41.00
Support Levels: $31.00, $30.00, $29.00

HYPEUSD Long-term Trend: Bullish (4H chart)

The Hyperliquid pair asserts a new bullish cycle as high buying reactions emerge on the long-term outlook. The price bar is above the EMA, implying a bullish trend. Thus, the recent market structure has favored the bulls.
The crypto price remains firm above the supply levels in its recent high due to an increasing order flow by the bulls.

The coin buyers responded to the market after the interruption from the sell traders and broke out from the support trend line at the $39.74 value to a high at the $40.08 supply mark above the moving average line, indicating more forces from the buy traders and bullish commitment.

Furthermore, if the Hyperliquid buyers could hold and close the 4-hourly chart above the $45.77 prior high mark, a potential buy signal will be attained.

Additionally, the HYPEUSD price signaled an upward direction as indicated by the daily stochastic.

As a result, the bullish correction pattern may continue or surge upsides to hit the $47.00 upper resistance trend line in the days ahead in its long-term outlook.

HYPEUSD Medium-term Trend: Bullish (1H chart)

HYPEUSD’s price asserts a new bullish cycle as it reclaims crucial supply with investors’ optimism and interest above the resistance level in its medium-term outlook.
The price is above the EMA-50 and moving towards the upper resistance area, suggesting a bullish trend.

The sustained bullish pressure at a $39.45 level in the previous action has enabled the crypto price to retain its strength in its recent high.

Today, the Hyperliquid price asserts a new bullish cycle at the $40.06 mark above the EMA-50, indicating upward momentum in the context of the market strength, providing buyers with a solid entry point.

It’s worth noting that the upward trajectory could reclaim another crucial supply at the $41.19 prior barrier level if the bulls add more forces to their buying pressure.

Similarly, more jumps are ahead as the Hyperliquid price suggests an uptrend on the daily signals, pointing upwards.

In light of this, the bulls may increase the coin value to touch the $47.00 upper high level in the days ahead in its medium-term outlook.

Place winning Hyperliquid trades with us. Get HYPE here