Hyperliquid (HYPEUSD) Looks Good for Long at $25.01 Resistance Mark

Hyperliquid Price Forecast: January 23

Hyperliquid (HYPEUSD) remains relatively stable and looks good for long at the $25.01 resistance mark as the coin investors explore staking amid market uproar. The coin price will probably continue its bullish run, and the price could still go higher if the bulls can surpass the $29.25 value. Then, we can anticipate high upward momentum up to the $30.00 upper barrier level, signaling strong market optimism and potential for significant gains.

Key Levels:
Resistance Levels: $24.00, $25.00, $26.00
Support Levels: $18.00, $17.00, $16.00

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

The Hyperliquid pair remains bullish and looks good for a long in its higher time frame. The coin prices are above the moving average lines, indicating an uptrend.
The bullish push to the $21.47 resistance value has enhanced the price to look good for a long and stay in the green for a bullish continuation pattern at its recent high.

The HYPEUSD ongoing rally looks good at the $25.01 resistance level above the EMA-50 as the 4-hourly chart opens today, resulting in an intraday gain for coin traders.

With sustained investors’ enthusiasm, the Hyperliquid price could reach as high as the $29.25 previous supply level as it experiences a remarkable surge.

Furthermore, as we watch the cryptocurrency market turn sharply bullish in the long run, the price of HYPEUSD may continue to look good for long and soon rise gradually under the impact of this market level and break through the previous high of the $29.25 level to reach the $30.00 resistance level in the days ahead.

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

The HYPEUSD pair depicts a beautiful bullish continuation and looks good for long in the medium-term outlook. The price is progressing above the moving averages, suggesting buyers are gaining more strength in the market.
The bulls’ high order flow to a $20.73 resistance level in the last session has contributed to the coin’s strength in its recent high.

Today, the Hyperliquid price looks good for long as the bulls corrected the crypto price to the $25.01 supply value above the moving averages as the 1-hourly chart resumes, encouraging the buy traders to invest in the crypto, as possible future gains are certain.

Thus, a possible breakout from the current retracement at the $25.01 neckline will accelerate the buying momentum and push the prices higher toward the upper resistance level.

Additionally, there is a possibility of a bullish breakout if the bulls should add more effort to their tension in the market as the daily stochastic signal points in an upward direction, indicating an uptrend and a bullish trend continuation.

As a result, the next target could be the $30.00 high trend mark soon, as the pair looks good for long in the medium-term perspective.

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