Hyperliquid (HYPEUSD) Price Keeps to Its Bullish Path

Hyperliquid Price Forecast: October 7

As the HYPERUSD pair rises steadily and keeps to its bullish path, recording notable growth, the coin remains a hot topic among investors. The coin price is experiencing a significant surge due to rising market interest and adoption, resulting in a 15% gain. Therefore, the intensified buying pressure may cause the token price to reach a new all-time high at the $57.98 upper resistance level, indicating a 25% growth chance, if the coin closes above the current high of $49.08. Thus, a potential buy signal for coin traders.

Key Levels:
Resistance Levels: $48.00, $49.00, $50.00
Support Levels:     $35.00, $34.00, $33.00

HYPEUSD Long-term Trend: Bullish (Daily chart)

Hyperliquid’s long-term market worth continues on its upward trajectory. Because of the strong influence of buy investors in the market, the price is close to the upper level, indicating a bullish trend.
However, the cryptocurrency price was able to maintain its positive trajectory above the resistance trend levels at its most recent high due to the bulls’ drive to reach the $51.06 high value in the previous session.

Having finished the lows of yesterday at $47.37 at the time of writing, the HYPEUSD price rebounded and increased to a reliable resistance at a $49.08 value above the moving averages as the daily session began today, resulting in intraday gains.

Therefore, if the bulls shift their focus and increase their buying operations, the coin price may break out, hitting a previous high of $57.98 before a range collapse.

Currently, the price signal is trending higher, indicating a positive trend. In this situation, the Hyperliquid price could swing up to achieve the $59.00 supply mark sooner as it maintains its bullish path in its higher time view.

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

The HYPEUSD pair has maintained its positive trajectory and remains in a bullish trend due to an increase in purchasing pressure.
With higher highs and a move into the main resistance level, the price is currently trading above the EMA-50.

Persistent bullish pressure at the $48.43 level during the last several hours has allowed the coin price to remain at its current high.

Hyperliquid rose to $49.06 above the moving averages earlier today due to long traders’ influence, generating excitement among coin holders.

Therefore, maintaining above supply levels suggests a high likelihood of a bullish correction. The bullish pressure would be reinforced by a split above the current peak level of $59.09.

Furthermore, an upward trend is indicated by the HYPEUSD price pointing upward on the daily stochastic.

As a result, if the crypto continues on its positive trajectory in the medium term, the buy investors may push the price movement upward and possibly reach the $59.39.00 upper resistance mark in the upcoming days.

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