Hyperliquid (HYPEUSD) Price May Proceed Higher

Hyperliquid Price Forecast: January 30

Hyperliquid (HYPEUSD) price may proceed higher if the bulls can break up the current price at $23.81, suggesting a good time for coin traders. If a historical trend repeats, a breakout is imminent. In such a case, the crypto price could surge to a new all-time high of $26.74 and extend to hit the $28.00 upper high, fueling optimism for a significant surge.

Key Levels:
Resistance Levels: $23.00, $24.00, $25.00
Support Levels: $18.00, $17.00, $16.00

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

The Hyperliquid pair may proceed higher as it recovers slightly over the past few hours, leaving the price to trade above the supply levels in its higher time frame.

The price is trading in a bullish momentum and also looks nice for the buy trader and signifies a buy signal.

The pressure from the bulls with a long bullish candle to the $23.35 supply value in the last session has sustained the price of HYPEUSD above the supply trend levels and may proceed higher in its recent high.

Earlier today, the HYPEUSD price proceeded higher to a $23.81 resistance level above the EMA-50 as the 4-hourly trading session began, attracting an unusually high number of new entrants in the market.

Based on the outlook, should the bulls go higher and close above the $26.75 high mark, a bullish breakout confirmation will indicate the bullish effects or impacts on the crypto market.

Notably, the momentum indicator also signaled up, indicating an uptrend. Buyers are expected to continue with the trend; in this case, the Hyperliquid price may proceed higher to reach the $28.00 upper resistance value soon in its long-term perspective.

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

HYPEUSD indicates an upward trend with a bullish sentiment and may proceed higher as the bulls remain dominant in its medium-term perspective.

With Bitcoin price back above $102K, the coin market is trading above the level of $23.39 and presently facing overhead resistance at the recent high.

The Hyperliquid price rises significantly above the resistance trend lines at the $23.81 level as the 1-hourly chart begins today, indicating the token price may proceed higher due to a high bullish impact on the market price.

Hence, if the rebounds persist, the token price may proceed higher to retest the $26.75 peak barrier, sparking investors’ interest and rapid growth.

Similarly, the momentum indicator pointing up also indicates that the price of HYPEUSD may proceed higher, and the $28.00 upper resistance level might be the target in the days ahead in its medium-term perspective.

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