Hyperliquid Price Forecast: September 30
The Hyperliquid price is gaining bullish momentum today. The pair anticipates breaking the $57.98 level soon, following an increase in buying pressure on the asset. The coin is making its way to the top of the channel. Therefore, if buyers can add more energy to their buying pressure in the market, a shift in the upward trend will be achieved, and this may trigger the crypto price hitting the $59.39 upper resistance level, providing a buying opportunity for interested traders.
Key Levels:
Resistance Levels: $47.00, $48.00, $49.00
Support Levels: $35.00, $34.00, $33.00
HYPEUSD Long-term Trend: Bullish (Daily chart)
In order to maintain a steady rebound trend, long-term Hyperliquid traders on the longer time frame are considering breaking out of the current level shortly.
Fending off sell traders at its most recent high, the bulls were able to push the coin to the $47.30 resistance region in the prior activity.
As the daily chart opens today, the bulls drove the HYPEUSD market to a high level of $48.10, slightly above the moving average, despite short traders’ interactions.
The price is bringing some fresh buying interest as selling pressure seems exhausted, leading to the $57.98 previous high point, captivating the attention of more buyers in the asset.
Additionally, there is a possibility that the coin price may break the previous swing high as indicated by the daily signal, upwards.
In light of this, the Hyperliquid price could reach the $59.39 supply mark in the coming days on the higher time frame.
HYPEUSD Medium-term Trend: Bullish (4H chart)
Since prices are rising above supply levels in the medium-term, Hyperliquid may soon break above its previous supply line.
The coin has been making higher highs and higher lows in the previous actions, making it easier for the price to maintain an uptrend in recent times.
Due to strong bullish momentum, HYPEUSD has risen to $48.10 above the EMA-50 on the 4-hour chart today.
To disprove any pessimistic thesis, we therefore have a positive bias that the coin price will continue to rise and break the $59.09 supply threshold.
Currently, the Hyperliquid price is making a correction as indicated by the daily stochastic.
Therefore, there may be a potential rise in the coin price, leading to a break above the previous high, which could further extend to the $59.39 upper high mark in the next few days on the medium-term outlook.
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