Hyperliquid (HYPEUSD) Bullish Pattern Signals a Rally to $55.39Level

Hyperliquid Price Forecast: September 18

The HYPEUSD emerging bullish pattern signals a rally to $55.39 mark as the bulls continue to gain strength in the crypto market and remain strong above the supply trend levels. However, if buyers apply more pressure to the price action and close the candle over the current barrier, the momentum might continue. It’s therefore anticipated that the token price might reach the $60.00 upper resistance threshold, resulting in an intraday gain and a potential buy signal for coin holders as the token price continues to grow in the evolving crypto market.

Key Levels:
Resistance Levels: $53.00, $54.00, $55.00
Support Levels:    $35.00, $34.00, $33.00

HYPEUSD Long-term Trend: Bullish (Daily Chart)

On the longer time horizon, the HYPEUSD pair is bullish. As it nears the overhead barrier, the bullish pattern suggests a rally over the crucial level. This indicates optimistic growth.
Due to growing order flow, which peaked at $54.58 in the previous session, the cryptocurrency price is stable. It remains above supply levels at the most recent high.

Today, the Hyperliquid market appears promising. The bullish pattern signals a rally to $55.39 above the resistance levels, amid growing network activity.

Therefore, if the support level holds, there is a chance that the crypto price will increase even more. This will allow purchasers to push the price of the coin above the current supply, obtaining a higher footing for the potential.

Notably, the HYPEUSD market is pointing upward on the daily stochastic, suggesting that optimistic growth is possible for the cryptocurrency.

Given this, the token price may surge to a $60.00 upper supply trend mark, as the bullish pattern signals a rally towards the upper resistance levels, registering a buy signal for coin traders in its long-term forecast.

HYPEUSD Medium-term Trend: Bullish (4H Chart)

The Hyperliquid bullish pattern signals a rally above the resistance and remains stable in an uptrend, despite the short traders’ actions, resulting in a 5.46% increase in market value on the medium-term view.
The prices are above the moving averages and have confirmed a bullish momentum, breaking the previous high.

The bulls’ activities on the crypto to a $54.05 in the previous action have led to the coin’s bullishness in its recent high.

Shortly after the 4-hour chart opens today, the market price of HYPEUSD reaches a high level of $55.39 above the EMA-50, indicating that buyers currently have the market price at their disposal.

Additionally, if the price can hold above the pattern supply trend line, the potential recovery could help buyers push the coin price to reach the $60.00 upper high level, indicating a 40% growth as the bullish pattern continues to rally up in its medium-term view.

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