Hyperliquid (HYPEUSD) Initiates another Uptrend

Hyperliquid Price Forecast: February 18

The hyperliquid (HYPEUSD) pair initiates another uptrend as it prints a 5% increase in the last few hours, showcasing investors’ interest in the asset. However, if the rebounds persist, the coin could sustain above the pattern supply trend line to touch the previous high of $28.17 and extend to meet the $30.00 upper resistance level, reflecting growing investors’ interest and momentum.

Key Levels:
Resistance Levels: $25.00, $26.00, $27.00
Support Levels: $18.00, $17.00, $16.00

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

The Hyperliquid buyers initiate another uptrend as prices begin to pump up again after completing the low dips in its long-term outlook. Price is trading above the supply trend lines again, confirming the presence of more bulls’ impact on the coin.
The sustained bullish pressure at the $26.00 high value in the previous action has enabled the crypto price to remain firm above the supply trend lines in its recent high.

After completing the lows at $25.37, the HYPEUSD price initiates another uptrend to a $26.14 high mark above the EMA-50, as the 4-hourly chart commences today, pushing the token to the next target levels.

However, a further increase in the buying pressure could lead the price of Hyperliquid to retest the $28.17 previous high mark, influencing the rising pattern of the crypto.

Additionally, the daily stochastic indicates an uptrend by pointing upwards. Hence, there is a tendency for the coin to rise further, if the support level holds. As a result, buyers may take the price of HYPEUSD up to a high of $30.00 in the coming days in its long-term perspective.

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

HYPEUSD also initiates another uptrend while displaying a bullish posture in the medium-term outlook.
The coin price is progressing slightly above the moving averages, indicating that buyers are gaining more strength in the market.

The bulls have the market at their disposal at the moment. However, a high retest of the breached $26.89 supply value suggests strength in bullish momentum.

The bulls initiate another uptrend to a $26.14 high level above the EMA-50 shortly after the 1-hourly chart opens today, suggesting the token will rise further.

Thus, if the Hyperliquid price breaks out of this pattern, the crypto price could surge above its all-time high of $28.28.

Hence, HYPEUSD indicates an uptrend, suggesting the bulls may continue to dictate the market conditions. As a result, the pair may reach the $30.00 resistance level in the days ahead in its medium-term forecast.

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