Hyperliquid (HYPEUSD) Price Gaining Bullish Momentum

Hyperliquid Price Forecast: August 26

The Hyperliquid price today is gaining bullish momentum, following a $3.2% surge over the last few days, trading at $46.75, fueling market interest. Increases in network activity, volumes, and optimism among investors have enabled the bullish trend to continue growing. As a result, the coin price may continue to rise to a high trend line of $49.48 if the bulls’ push breaches the resistance level of $48.52, maintaining its upward momentum among the growing bullish movement.

Key Levels:
Resistance Levels: $45.00, $46.00, $47.00
Support Levels:    $37.00, $36.00, $35.00

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

The market price of Hyperliquid is gaining traction with renewed bullish momentum as long-term optimistic sentiment reaches a new peak.
Due to strong demand, the coin market trades well above the supply, creating a bullish flag chart.

The prior statement is evident, given that prices are trading above the moving average line, which denotes an upward trend.

The coin price, however, has been maintained at the high level of $45.45 and is currently trading well above the pivotal point in its recent price level.

Due to a bullish effect on the market price, the HYPEUSD price is losing bearish momentum as it rises to a $46.75 supply level above the moving averages, as the 4-hourly chart resumes today.

The token is gaining traction with a robust bullish trend. Therefore, the new all-time high may approach the upper resistance level if the bulls break through the $48.52 prior supply.

Furthermore, as indicated by the upward-pointing trade indicator, the price of Hyperliquid may continue to trade consistently above the supply.

Therefore, if the pair keeps accumulating bullish momentum above the supply trend lines in its higher time frame, the $49.48 upper resistance level may be the target.

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

Today, the HYPEUSD pair rises. In its medium-term view, the price is trading above the supply levels, gaining bullish momentum towards the upper region.
The coin’s ability to sustain its upward strength at its most recent peak is due to the intervention of long traders at $45.78 in the last session.

Following the current threat of rising, the Hyperliquid price reaches a $46.75 supply level above the EMA-50, strengthening the buy traders’ propensity to further ladder up the trend.

Hence, more buyer engagement is necessary to raise the price towards the upper resistance.

To reflect increased investor confidence in an uptrending market, a positive breakout from the current resistance at $45.78 could trigger a recovery pattern and push HYPEUSD prices higher to reach the $47.34 supply value.

Additionally, if buy traders quicken their price actions and all the present support levels hold, there’s a possibility that Hyperliquid’s price will rise much more.

In light of this, a psychologically important milestone at the $49.00 supply level may soon be reached as it continues to gather bullish momentum.

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