Hyperliquid (HYPEUSD) Price Could See More Increase

Hyperliquid Price Forecast: August 14

Hyperliquid (HYPEUSD) price may see further increase as the pair begins to show signs of promising recovery, fueled by increasing optimism among traders. If the bulls can defend the selling pressure at $42.61, the bulls’ momentum may break the resistance level at $46.96, leading the asset’s price to a $49.25 upper high trend line, suggesting an optimistic future for the crypto.

Key Levels:
Resistance Levels: $44.00, $45.00, $46.00
Support Levels:   $17.00, $16.00, $15.00

HYPEUSD Long-term Trend: Bullish (Daily chart)

The Hyperliquid pair could see more increase as the market remains bullish and continues to trend towards the upper channel, indicating a strong bullish movement in its higher time frame. The price is trading in a bullish momentum and signifies a buying trade.
The coin price has remained above the supply trend levels and may continue to rise towards its recent high due to pressure from bulls, with a long bullish candle at the $44.74 supply value in the previous session.

Earlier today, the HYPEUSD price increased to a $45.41 resistance level above the EMA-50 as the daily trading session resumed, attracting an unusually high number of new entrants in the market.

Therefore, a bullish breakout confirmation will indicate the positive effects on the cryptocurrency market if the bulls continue to rise and close above the $46.96 high.

Notably, the momentum indicator also signaled up, implying an uptrend. Hence, the Hyperliquid price may surge to reach the $49.00 upper resistance value soon in its long-term perspective.

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

In its medium-term outlook, the HYPEUSD pair shows an upward trend and could continue to rise as long as the bulls hold a strong position. The coin market is trading above the moving average line, indicating a bullish momentum.
Its upward stability at its most recent high has been maintained by pressure from the bulls at the $43.35 high value in the prior action.

As the 4-hourly session begins today, buyers have been able to push Hyperliquid’s price to a high level of $45.41 above the EMA-50 due to price rejection in the prior action.

Meanwhile, if a further rise in buyers’ demand occurs, the crypto price can increase to the $46.77 top level, demonstrating robust investors’ confidence.

The bulls are therefore preparing to push HYPEUSD’s price to a high level on the upside, as indicated by the bullish correction at the mentioned resistance level. The $49.00 supply trend line may potentially be the goal in the medium-term future.

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