Hyperliquid (HYPEUSD) Price Changes Direction to the Upside

Hyperliquid Price Forecast: November 25

Hyperliquid (HYPEUSD) price remains under pressure as it changes direction to the upside, struggling to catch up with the resistance. The crypto is retracing to a new correction with emerging bullish pattern at a $32.37 in the crypto price. Thus, a significant push from its current price at the above the prior barrier level of $43.14 might extend the token price to the $45.00 upper resistance level, paving the way for further recovery.

Key Levels:
Resistance Levels: $35.00, $36.00, $37.00
Support Levels:     $28.00, $27.00, $26.00

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

The HYPEUSD pair shows strength as it changes direction and resumes its bullish movement below the supply, indicating a bearish trend pattern in its higher time frame. The coin is trading below the EMA-50, confirming a bearish trend.
The sustained bearish pressure at the $30.41 support value in the last session has contributed to the coin price drop below the supply levels in its recent correction.

At the time of writing, the Hyperliquid price pulled back and began its bullish waves at the $32.37 high value below the EMA-50 as the 4-hourly chart opens today, demonstrating remarkable resilience in a correcting market.

Hence, a breakout from the current supply to hit the previous barrier level could attract momentum buyers to potentially propel the price toward the $43.14 peak level.

Additionally, the daily stochastic points up. In light of this, the market participants may witness a new recovery rally to the $45.00 upper high mark in the coming days as the HYPEUSD pair begins its bullish correction in the long-term forecast.

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

The Hyperliquid pair anticipates an increase as it begins a new bullish wave on the medium-term chart. The price bar is trending above the moving averages, indicating a bullish momentum.
The intervention from buyers at the $31.90 high value in the previous action has enabled the coin price to regain its bullish strength lately.

The market value of HYPEUSD begins its bullish wave to the $32.35 resistance level slightly above the moving averages shortly after the commencement of the 1-hourly chart today, indicating that positive sentiment is returning to the market.

Thus, a sharp breakout above the current correction phase to hit the $39.43 high level will invalidate any bearish thesis and focus on the ultimate breakout to the $40.00 prior peak level.

Furthermore, the daily stochastic is moving upward, indicating more upside potential in the Hyperliquid market.

As a result, the coin price may surge to reach the $45.00 upper high mark in the days ahead as it continues with its bullish waves in its medium-term forecast.

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