Hyperliquid (HYPEUSD) Buyers Set for the Next Bull Trend

Hyperliquid Price Forecast: March 11

Hyperliquid (HYPEUSD) pair may proceed higher as the coin buyers are set or ready for the next bull trend. The coin is making positive moves to swing up further. Thus, if all the support level holds, and the bulls put more aggression into their activities, the coin price may rally to hit the $26.94 high level and could extend to a $30.00 upper resistance level, potentially leading to more gains for the coin buyers.

Key Levels:
Resistance Levels: $25.00, $26.00, $27.00
Support Levels: $16.00, $14.00, $13.00

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

The HYPEUSD is bearish in its long-term perspective. Meanwhile, buyers are ready for the next bull trend as a new correction occurs.
The price bar is trending below the moving averages, suggesting a bearish momentum due to the high impact of the short-term traders in the price flow.

The bearish pressure at the $15.01 support level in the last session has dropped the coin price below the supply trend levels in its recent correction.

The Hyperliquid pair is set for the next bull trend as the bulls begin fresh movement toward the resistance levels at $15.19 below the EMA-50, implying that the bulls are returning gradually for an increase and to command the HYPEUSD’s price actions.

It’s worth noting that the upward trajectory could face another barrier near the next resistance level at $25.91. Hence, a breakout above this level could drive the Hyperliquid price higher by 20%, offering good resistance to the coin market.

Additionally, the daily stochastic indicates an uptrend, suggesting the price of HYPEUSD might continue its bullish trend pattern and grow further to reach the $30.00 supply mark in the days ahead as buyers set and prepare for the next bull trend in its higher time forecast.

HYPEUSD Short-term Trend: Bearish (1H chart)

The HYPEUSD pair is trying to resist sellers as it sets for the next bull trend with positive sentiment on the short-term outlook.

The coin is trading below the EMA-50, indicating a bearish trend. However, the market is presently facing resistance at the recent high due to the returns and high order flow of the bulls.

The sustained bearish action at the $15.02 resistance level in the past few hours has contributed to its price drop below the supply levels in its recent high.

The Hyperliquid buyers increased the coin price to $15.15 below the EMA-50 shortly after the commencement of the 1-hourly chart, suggesting they are set for the next bull trend as they return gradually to the crypto market.

A strong push by the long traders above the $17.46 previous high point with a 1-hour candle closing could signify a shift in the market dynamics. Such a breakthrough would enable buyers to regain control and potentially drive the price of HYPEUSD toward the $20.00 high mark.

Meanwhile, further upsides are likely as the price signal is pointing upwards, implying that the upward rally might continue to break the $17.46 resistance value and extend to meet the $20.00 supply value in the coming days in the short-term perspective.

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