Hyperliquid (HYPEUSD) Presents Strong Resistance Level at $44.46

Hyperliquid Price Forecast: August 12

The HYPEUSD pair suggests a buying trade as it presents a strong resistance level at $44.46, potentially setting the coin price to a new high. The coin is steadily rising and holding above the resistance levels as it recovers. Therefore, any bearish argument would be disproved by a 4-hourly candlestick above the $46.28 prior supply barrier. The trend may continue to a high value of $47.00 if buyers can increase their actions in the market. This would result in an intraday gain and a possible buy signal for traders.

Key Levels:
Resistance Levels: $44.00, $45.00, $46.00
Support Levels:    $37.00, $36.00, $35.00

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

In longer time frames, the Hyperliquid pair exhibits a significant degree of resistance. Because of the substantial influence of buy investors, prices are clearly approaching the upper resistance area above the moving average, indicating an uptrend.
In the meantime, the recent bullish pressure has been aided by the strong order flow at the $43.87 high value in the previous trading session.

The price of HYPEUSD is rising today, drawing in additional buyers as the 4-hourly chart opens with a strong resistance level at $44.46 above the EMA-50.

Meanwhile, according to the technical indicator, if the $43.16 support holds, the HYPEUSD price could rise even higher. Thus, a break above the previous resistance level would amplify bullish pressure.

In the meantime, Hyperliquid’s market price is rising on the daily stochastic, indicating that the bulls might keep up the asset price.

In light of this, the anticipated upside in the coin price could be high at $47.00 in the days ahead, as the token has a significant resistance level in its long-term view.

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

HYPEUSD also presents a solid resistance level as it keeps climbing and remains bullish in the medium-term outlook. A positive situation is indicated by the price’s current trading above the EMA line.
The coin’s recent high is the result of persistent bullish pressure that reached a peak level of $43.87 in the previous action.

The bulls have achieved the $44.46 supply level above the EMA-50 as the 1-hour chart resumes today, indicating a significant resistance level.

The long traders, however, were unable to give up because their goal is to keep the market rising and push the price of HYPEUSD to a high level.

Investor attitude toward the currency is showing signs of a renewed rebound; if the hourly crypto chart closes above $44.46, there’s a good chance the price will rise to its most recent swing high of $44.51, which would indicate strong buyer conviction.

The bulls are preparing to push the price of Hyperliquid to a high level on the upside; nevertheless, as shown by the positive corrective at the resistance level mentioned. The $47.00 upper high level may potentially be the objective in the medium term.

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