Hyperliquid (HYPEUSD) Price Maintains its Upward Race

Hyperliquid Price Forecast: July 15

The upward race remains dominant in the Hyperliquid pair today as it continues an impressive move above the key resistance level within an ascending channel. The coin has seen a significant bullish trend in the past few hours. Breaking through this barrier is crucial for the asset to rally above the $48.70 current supply. Thus, if the coin investors could prove harder and the price shows sustainability above the mentioned barrier, the accelerated buying pressure may increase the coin price to the $49.00 upper resistance level as the token price maintains its upward race in the evolving crypto market.

Key Levels:
Resistance Levels: $46.00, $47.00, $48.00
Support Levels: $37.00, $36.00, $35.00

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

The HYPEUSD pair is gaining traction and maintains its upward trend as the bulls remain dominant in its long-term perspective. The upward trend may continue, but the pair looks bullish here.
The sustained trend by the bulls to a $47.09 high level in the last action has enabled the altcoin price to maintain and remain in an uptrend in its recent high.

At the time, the Hyperliquid price maintains its bullish race at the $48.70 high mark above the resistance trend line as the 4-hourly chart opens, triggering the bullish sentiment before it begins another retracement.

Thus, more upsides are possible as new entries are trading in the coin market.
Therefore, a bullish breakout from the current resistance at $48.70 could trigger the recovery pattern and drive the coin price towards the upper resistance region, reflecting growing confidence among investors in an uptrend market.

In light of this, the coin price may reach the $49.00 upper region, indicating a strong upward trajectory, provided the HYPEUSD pair could maintain above the $48.70 current trend line “for the next few days.”

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

There is a strong buying reaction from Hyperliquid traders as the upward race remains dominant, resulting in a 5.46% increase in the market value on the medium-term view.
The prices are above the moving averages and have confirmed a bullish momentum, breaking the previous high.

The bull’s increasing pressure to a $47.27 supply mark in the last session has made it easier for the token price to maintain its bullish race and remain firm in an uptrend at its recent high.

Today, the bulls made an aggressive move to the $48.56 high value above the supply trend levels as the 1-hourly chart opens.

As the bulls continue to dominate, the cryptocurrency market appears to be on the rise.

Consequently, further bearish sentiment will be suppressed if the bulls’ price action increases and a bullish momentum is maintained well above the resistance trend line of $48.56.

Additionally, the daily stochastic is rising. As it continues its upward race in its medium-term time frame, market players may see a new rebound rally if the HYPEUSD buyers can break above the $48.56 current barrier line. The $49.00 upper resistance level may be the goal shortly.

Place winning Hyperliquid trades with us. Get HYPE here