Hyperliquid (HYPEUSD) Inflows Skyrockets, Time to Buy

Hyperliquid Price Forecast: September 11

Today, the Hyperliquid (HYPEUSD) inflow has skyrocketed, indicating a favorable time to buy the cryptocurrency for interested traders. The coin price is gaining traction towards the overhead area amid the ongoing crypto rally. Hence, if the coin price can successfully climb above the current pattern supply trend line of $54.99, the potential recovery may assist buyers in reaching the $56.00 upper high level, indicating a 20% growth opportunity and reflecting growing investor interest and momentum.

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)

The Hyperliquid price is up again following the high demand volume from bulls in its long-term outlook.
The coin price trades closer to the upper resistance area above the moving averages, indicating the pair is in a strong uptrend.

The coin market has appeared attractive to buyers at its recent high due to the bulls’ persistent order flow at $55.14 supply in the last session.

On the daily chart, prices of HYPEUSD remain in an uptrend at a $54.99 resistance mark above the EMA-50, resulting in a 6.46% increase in market value.

Thus, a possible breakout from the current retracement at the neckline, which has formed as the price temporarily pulled back after reaching recent highs, will accelerate the buying momentum and push the prices towards the overhead resistance, as it experiences a remarkable surge that attracts an unusually high number of new entrants in the market.

Additionally, if the broader market bullish trend continues, the $56.00 upper high level could be reached and extend further to a $57.00 resistance, signaling the potential for significant gains as the bull trend continues on the higher time forecast.

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

HYPEUSD is facing an increase in buying pressure and remains bullish in the medium-term outlook.
The price currently trades above the EMA line, indicating a bullish scenario. This breakout triggers a smooth bull cycle pattern, which could lead the prices to an overhead trend line.

The pair has been in a series of higher highs and higher lows, enhancing the coin price to remain firm in an upward trend in its recent high.

Earlier today, the Hyperliquid market experienced another pump as long traders caused a rise in the token price to $54.99 above the moving average on the 4-hourly chart.

Thus, if the bulls try harder and sustain above the current supply trend level, the next resistance level to watch out for would be around the $55.00 level.

Notably, the price of HYPEUSD is up on the daily stochastic, suggesting that the coin may continue rising. As a result, the price action may swing successfully to a $56.00 upper resistance level in the coming days in its medium-term time frame.

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