Hyperliquid (HYPEUSD) Continues an Impressive Upward Correction

Hyperliquid Price Forecast: May 15

Today, the HYPEUSD pair continues an impressive upward correction as the price remains in an ascending channel, making higher highs and higher lows towards the upper resistance level. However, the coin price might swing up and break its previous barrier level at $26.30 if bearish pressure is restricted. Hence, the bullish correction phase might extend to meet the resistance at the $27.00 upper trend line, reflecting promising growth.

Key Levels:
Resistance Levels: $24.00, $25.00, $26.00
Support Levels: $15.00, $14.00, $13.00

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

The HYPEUSD pair depicts a beautiful bullish continuation pattern as it continues an impressive upward correction in its long-term perspective. The coin is above the EMA-50, implying the coin market is bullish.
The bulls’ pressure on the coin to a $24.87 supply value in the Last session has sustained the coin price above the resistance trend levels in its recent high.

Today, the Hyperliquid price continues an impressive upward correction and a beautiful bullish continuation pattern at the $25.55 high mark above the EMA-50 on the 4-hourly chart, promising a 30% breakout if market conditions remain favorable.

Therefore, if the bulls could increase their tension in the market, the token price would move above the key levels at $26.30.

Meanwhile, further upsides are likely as the price signal points upward, implying that the Hyperliquid market has the potential for bullish continuation and may surge to hit the $27.00 upper resistance value in the coming days in the long-term outlook.

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

There is a strong buying reaction from the Hyperliquid traders as the coin price continues with an impressive upward correction in its medium-term outlook.
The price bar is above the moving average line, approaching the overhead resistance line, denoting a bullish trend.

The bullish reversal at the $24.33 high value in the previous action has sustained the crypto above the trend line in its recent high.

The HYPEUSD made an impressive bullish correction to a $25.45 resistance level shortly after the commencement of the 1-hourly chart today, indicating a significant upward trend and potential bullish continuation pattern.

Further, with strong buying pressure and positive market sentiment, the crypto has the potential for bullish continuation, and this might surge to surpass the $26.40 prior peak barrier and attract more investors.

Hence, the Hyperliquid pair pointing up on the daily stochastic suggests that the crypto has the potential for bullish continuation, suggesting a possible recovery of the $27.00 supply level in the coming days in the medium-term forecast.

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