Hyperliquid (HYPEUSD) Price Is Aiming at the $50.00 Upper Resistance Level

Hyperliquid Price Forecast: July 17

The Hyperliquid (HYPEUSD) pair is recovering and aiming at the upper resistance level with bullish sentiment, suggesting the coin price will grow more as the token continues to gain investors’ traction amid market correction. However, the crypto might grow more and continue its upside move if the current support at $46.64 value holds, and the 4-hourly chart closes above the $49.80 resistance level. Due to this, there is a high probability of the crypto price going up to as high as $50.00 upper resistance trend line, signaling strong market optimism and potential for significant gains. However, there are bullish signals above the level of $23.65 indicating a possible further increase in the market value as it journeys up north.

Key Levels:
Resistance Levels: $45.00, $46.00, $47.00
Support Levels: $34.00, $33.00, $32.00

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

The Hyperliquid pair is witnessing fresh traction, aiming at the upper resistance range as the coin market remains bullish and looks good for a long position in its higher time frame. The coin prices are above the moving average lines, indicating a bullish momentum.
Due to investors’ trust and interest in the coin investment, the currency keeps gaining traction, possibly leading to an increase.

Today’s 4-hour bullish candle at the $47.96 value above the moving average confirms the HYPEUSD price will grow more as the bulls remain dominant, aiming at the upper channel of the range.

Thus, buyers will have a solid basis to push the crypto price higher with a 4-hourly candle closing and an upward breakout above the $49.80 barrier, providing coin buyers with an excellent entry opportunity.

Furthermore, an upswing was indicated by the momentum indicator’s upward indication.

It is anticipated that buyers will follow the trend, and from a long-term perspective, the Hyperliquid price may soon hit the upper resistance level of $50.00.

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

The HYPEUSD pair is bullish as it stabilizes above the support levels, aiming at the upper resistance range in the medium-term outlook.
The price has just broken through the supply line, indicating the crypto market could grow more as it rebounds.

The bulls’ high order flow to a $46.89 resistance level in the last session has contributed to the coin’s strength in its recent high.

Today, the Hyperliquid price has just broken up the EMA-50 at $47. 96 high mark shortly after the commencement of the hourly chart, aiming at the upper level, indicating that the token price will grow more if market conditions remain favorable.

Therefore, before any bearish appearance, the trade will be more on the purchasing side if the 1-hour session closes above the $49.82 neckline.

In a like manner, the momentum indicator pointing up also indicates that the HYPEUSD price will remain in an upside and a $50.00 upper high level might be the target in the days ahead in its medium-term perspective.

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