Hyperliquid Price Forecast: April 22
Hyperliquid (HYPEUSD) remains relatively stable and looks good at the $18.06 resistance as it faces the overhead trend levels amid the market uproar. The crypto might continue its upside if the current support at $17.29 holds and the 4-hourly chart closes above the $18.49 resistance level. A bullish breakout above the $18.49 high level will reflect the improved bullish market sentiment, leading the crypto price to the $20.00 upper supply trend level, signaling strong market optimism and potential for significant gains.
Key Levels:
Resistance Levels: $17.00, $18.00, $19.00
Support Levels: $11.00, $10.00, $9.00
HYPEUSD Long-term Trend: Bullish (4H chart)
The Hyperliquid pair looks good and remains stable at the upsides on the long-term chart. The coin price is above the moving average line, indicating an uptrend.
The HYPEUSD price on the 4-hourly chart today looks good at the $18.06 resistance mark above the EMA-50. Further, the rising prices reclaimed more confirmation for a bullish recovery.
Hence, staying above the supply level indicates a strong possibility for a bullish correction.
Meanwhile, the market price of hyperliquid is pointing up on the stochastic level, suggesting that the selling pressure has reached exhaustion.
As a result, the expected upside in the token price could be high at $20.000 in the coming days in its long-term outlook.
HYPEUSD Medium-term Trend: Bullish (1H chart)
The HYPEUSD pair depicts a beautiful bullish continuation and looks good at its recent value on the medium-term outlook. The price is progressing above the moving average, suggesting buyers are gaining more strength in the market.
The Hyperliquid price finds a reliable resistance at around the $18.06 mark above the EMA-50, resulting in intraday gains as the 1-hourly session resumes today.
Therefore, if the bulls increase their tension in the market, the price tendency might move above the key levels at $18.49, encouraging buyers to invest in the crypto, as possible future gains are certain.
Furthermore, HYPEUSD price is in an upward direction as indicated by the price indicator, implying a high possibility for bullish trend continuation.
As a result, the coin price might swing to the $18.49 supply level and extend to a $20.00 upper high level in the coming days in the medium-term outlook.
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