Hyperliquid (HYPEUSD) Price Breakout and Continued Bullish Trend

Hyperliquid Price Forecast: July 8

Hyperliquid (HYPEUSD) price may experience a breakout and continue its bullish trend. If the market price remains above the high of $39.61 and the bulls can strengthen their potential purchases, the currency may rise even further. As a result, the potential rally could surge above the $44.79 higher level to hit the $45.00 upper resistance value and beyond, amid market volatility.

Key Levels:
Resistance Levels: $40.00, $41.00, $42.00
Support Levels: $31.00, $30.00, $29.00

HYPEUSDT Long-term Trend: Bullish (4H Chart)

The Hyperliquid pair has the potential for a price breakout and a bullish continuation is likely as it trends upward to the upper channel on the higher time frame.

Buyers are confident about gaining higher levels, confirming their high impact in the market at present.

The sustained bullish pressure at a $39.37 level in the previous session has encouraged the crypto price to remain in an upward trajectory lately.

The Hyperliquid price breakout at the $39.61 resistance value above the EMA-50, as the 4-hourly chart opens today, indicates a high buying impact from the bulls, resulting in intraday gains.

Therefore, a 4-hour candle and upward breakout over the $44.79 barrier will give buyers a strong foundation to drive the coin price higher, providing traders with an excellent entry opportunity.

Similarly, the underlying sentiment suggests a bullish continuation in the coming days as indicated by the daily stochastic.

In light of this, buyers may push the price of HYPEUSDT further to a significant level on the upside, and in this case, the target might be $45.00 upper resistance level in the long-term forecast.

HYPEUSDT Medium-term Trend: Bullish (1H Chart)

The HYPEUSDT prices are above the moving averages on the medium-term time frame, having broken the previous high and confirmed a bullish breakout. The chart below suggests a smooth upswing.
The currency pair reached and remained at the $39.37 supply level during yesterday’s session due to persistent bullish pressure. This has enabled the coin to maintain its upward trajectory at its most recent peak.

As the 1-hourly chart starts today, the Hyperliquid price increases sharply above the resistance trend lines at the $39.61 level, due to the market price’s strong bullish influence.

With strong buying pressure and positive market sentiment, the crypto has the potential to break out and continue the bullish trend to retest the $41.18 previous barrier as it begins its bullish correction, offering a vibrant resistance to the crypto price.

Hence, the HYPEUSDT price indicates upside as on the daily stochastic, pointing in an upward direction.

In light of this, the price breakout and bullish continuation may reach the $45.00 upper resistance level, resulting in more gains for coin buyers.

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