Hyperliquid (HYPEUSD) Price May Break up the $17.19 Supply Level

Hyperliquid Price Forecast: April 3

Hyperliquid (HYPEUSD) price may increase further to break up the $17.19 supply level, provided buyers add more aggression to their buying pressure as bullish pressure resumes. Despite the observed downward trend in the higher time frame, increased whale activity and significant buying pressure poised the crypto for a potential rally. Therefore, if the coin price could sustain above the pattern supply trend line, the price may trigger up to the overhead resistance mark at the $20.00 level, signaling an uptick in investors’ interest.

Key Levels:
Resistance Levels: $18.00, $19.00, $20.00
Support Levels: $12.00, $11.00, $10.00

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

The Hyperliquid price is in green below the moving average and may break up the $17.19 supply level as it experiences a fresh relief rally in its long-term outlook. The price bar is below the moving averages, due to the high order flow of the sell traders.
The sustained bearish at a $13.33 low value has added to its bearishness in its recent price level.

However, the bulls are set to swing the coin price as a new correction has begun below the trend levels.

The current price of HYPEUSD pair at the $13.60 high-level below the EMAs as the 4-hourly session opens today, indicates the investors’ optimism may break up the crucial resistance level.

Additionally, the current correction phase may continue as the momentum indicator points up.

In light of this, the Hyperliquid price may break up the $17.19 previous barrier to reach a significant level of the $20.00 supply trend line as the bulls continue their bullish correction and remain dominant in its long-term perspective.

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

The HYPEUSD pair is showing a more bullish impact and may break up it’s previous high at $15.09 as the coin price remains in an uptrend in its short-term time frame. The bulls have the market at their disposal at the moment.
The bullish pressure at the $13.37 supply level in the last few hours has sustained the token price above the trend levels in its recent price.

At the time of writing today, the HYPEUSD price shows an uptick at the $13.60 resistance level above the EMA-50 as the 1-hour session resumes, signaling the potential for further gains as the bulls remain dominant in the market, indicating a good buy for the coin traders.

However, there are bullish signals above the level of $13.41, indicating a possible further increase in the coin market value.

Thus, with sustained buying, buyers could drive the Hyperliquid price beyond the $15.09 previous barrier to target the psychological level at the upper channel.

Further, the HYPEUSD price indicates an upward momentum on the daily signal, implying that the pair will continue with the bullish correction pattern and may break up the $15.09 level to the $20.00 upper resistance trend mark, as the bulls try to remain stable at the upside in its lower time frame.

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