Hyperliquid (HYPEUSD) Presents Strong Resistance Level at $24.88

Hyperliquid Price Forecast: February 13

Hyperliquid (HYPEUSD) price is relatively stable as it presents a strong resistance level at $24.88, suggesting a good time for coin traders. The coin is recovering, climbing steadily, and holds above the resistance levels. Hence, a daily candlestick above the $28.17 prior supply barrier would refute any bearish theory. As a result, if buyers can exert more actions to their market tension, the trend will shift upward to the $30.00 high value, resulting in an intraday gain and a potential buy signal for the coin traders.

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 presents a strong resistance level on higher time frames. Obviously, prices are approaching the upper resistance area above the moving average, suggesting an uptrend due to the significant impact of buy investors.
Meanwhile, the bulls’ high order flow at the $23.97 high value in the last trading session has contributed to the bullishness in its recent high.

The HYPEUSD price is pumping up again today as it presents a strong resistance level at $24.88 above the EMA-50 as the 4-hourly chart opens, attracting more buyers in the market.

However, the technical indicator suggests the HYPEUSD price will advance further if the $23.21 support holds. Thus, a robust break up above the $28.17 previous resistance level would amplify bullish pressure.

Meanwhile, the market price of Hyperliquid is pointing up on the daily stochastic, suggesting that the bulls may continue trending up.

Hence, the expected upside in the coin price could be high at $30.00 in the coming days as the token presents a strong resistance level in its long-term outlook.

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

HYPEUSD also presents a strong resistance level as it keeps pumping up and remains bullish in the medium-term outlook. The price currently trades above the EMA line, indicating a bullish scenario.
The sustained bullish pressure to a $23.95 high level in the previous action has led to the coin’s recent high.

As the 1-hour chart resumes today, the bulls have reached the $24.85 supply level above the EMA-50, suggesting a strong resistance level. However, the buy traders could not relent, as they aim to continue trending up and drag the price of HYPEUSD further to a significant level.

The coin is witnessing a renewed recovery sentiment among the investors; if the crypto price on the hourly chart closes above $24.81, then there is a high probability of the price going up to its recent swing high of $26.13, indicating high conviction from buyers.

However, the bullish correction at the mentioned resistance level is an indication that the bulls are planning to strongly move the price of Hyperliquid to a high level at the upsides, and the $30.00 upper high level might be the target also in the future in its medium-term.

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