Hyperliquid (HYPEUSD) Price May Proceed Higher

Hyperliquid Price Forecast: July 29

Hyperliquid (HYPEUSD) remains relatively stable and may continue to rise as it recovers alongside the broader crypto market, which has gained approximately 3.8% over the past 24 hours. The coin’s bullish breakout from the $44.63 mark indicates that buyers are attempting a comeback. Thus, if the price can break above the $48.46 level, a $49.80 upper resistance level may be reached as the coin price continues to grow in the evolving cryptocurrency market, signaling potential for significant gains.

Key Levels:
Resistance Levels: $43.00, $44.00, $45.00
Support Levels: $38.00, $37.00, $36.00

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

Hyperliquid pair is witnessing fresh traction and may proceed higher as the coin market remains bullish facing the upper resistance level in its higher time frame.
The coin price is above the moving average line, indicating a bullish momentum.
The coin continues to gain traction. Investors remain confident and interested in coin investment, marking a potential increase.

The sustained trend by the bulls to a $43.07 high level in the last session has enabled the coin price to maintain an upward trend lately.

On the 4-hour chart, the Hyperliquid price continues to rise toward the $44.63 supply level today.

This suggests a potential buying opportunity and growing bullish effect on the cryptocurrency. More traders could enter the market, making additional gains likely.

A bullish breakout from the current resistance could trigger the recovery pattern. It could push the token price to the $44.63 supply value, reflecting growing investor confidence in an uptrend market.

In addition, the HYPEUSD price may continue its bullish trend and climb gradually under the influence of this market level and break above the previous high to hit the upper resistance level of $49.00 soon, suggesting a potential long-term buying opportunity.

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

The HYPEUSD pair might grow more as it stabilizes above the support levels, suggesting a beautiful bullish continuation pattern in the medium-term outlook.
The price is progressing above the moving averages, indicating the crypto market could grow more as it rebounds.

The bulls’ high order flow to a $43.78 resistance level in the last session has contributed to the coin’s strength in its recent correction.

Today, the Hyperliquid price exhibits an upward trajectory as it rises above the EMA-50 at $44.63 high mark shortly after the commencement of the hourly chart, implying that the token price may proceed higher if market conditions remain favorable.

Thus, a sharp breakout and closure above the current correction phase will invalidate any bearish thesis, and then there is a high probability of the HYPEUSD price going up to its recent swing high at $47.77 level to wade off the bearish shackles and focus on the ultimate breakout to the $49.00 upper resistance level and beyond, as the crypto anticipates more growth in its medium-term perspective.

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