Hyperliquid (HYPEUSD) Bullish Rally Continues

Hyperliquid Price Forecast: May 27

Hyperliquid (HYPEUSD) pair has what it takes to continue its bullish rally, as it remains firm and stable above the supply level at $35.44, signaling strong market optimism among coin investors. The coin price has showcased a largely erratic trend thus far this month. However, if the bulls breach the $37.50 resistance, the next resistance level to watch out for would be around the $38.00 level, signaling strong market optimism and attracting big players to drive the coin price higher.

Key Levels:
Resistance Levels: $34.00, $35.00, $36.00
Support Levels: $24.00, $23.00, $22.00

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

The Hyperliquid pair may continue its bullish rally as the coin market witnesses a gradual increase in the coin value and remains firm above the supply trend line in its higher time frame. The coin prices are above the moving average, indicating a bullish momentum.
The sustained bullish pressure to $34.22 in the previous session has enabled the token price to remain attractive to buyers in its recent high.

Despite the activities from the bears, the HYPEUSD pair rallied to a $35.44 resistance level above the EMA-50 as the journey up north continued shortly after the 4-hourly chart opened today.

Thus, a possible breakout and close above $37.50 will signal a sustained upward momentum and accelerate the bullish rally toward the upper channel, bolstering buyers for a sustainable rally.

Additionally, due to an upward momentum shown by the price indicator, the price of Hyperliquid value may continue its bullish rally to reach the $38.00 upper resistance level sooner in its higher time forecast.

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

The Hyperliquid buyers experience another ATH as the coin price continues its bullish rally and remains held above the supply levels in its medium-term outlook. The price bars are above the moving average, indicating a bullish trend.
The crypto price remains above the supply levels in its recent high due to an increasing order flow by the bulls to a $35.32 high mark in its previous action.

At press time today, the HYPEUSD market looks promising as it rises to a $35.44 resistance value above the resistance levels shortly after the commencement of the 1-hourly chart amid soaring network activity.

The coin has recently experienced a price surge and might swing and break up to its previous high of $37.50, strengthening investors’ confidence in altcoins, and driving expectations for future gains.

Further, the Hyperliquid pair may continue its bullish rally and remain in the same position as suggested by the daily stochastic pointing in an upward direction.

In light of this, the coin price may surge to the $38.00 upper resistance trend mark soon in its long-term outlook.

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