Hyperliquid (HYPEUSD) Price Might Head to $26.30 Supply Level

Hyperliquid Price Forecast: May 13

The Hyperliquid (HYPEUSD) price might head to the $26.30 supply level as it recovers with the entire crypto market gaining about 3.8% in the past 24 hours. The coin gave a bullish breakout from the $25.17 level, suggesting the buyers are making a recovery attempt. Thus, if the crypto’s price sustains above the $25.37 high level, the potential rally could surge higher to hit the $26.30 resistance level and beyond, indicating that the bulls are gaining strength and a possible buy signal for the coin traders.

Key Levels:
Resistance Levels: $24.00, $25.00, $26.00
Support Levels: $17.00, $16.00, $15.00

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

The Hyperliquid pair rebounded after its slight drops. The coin price might head to a $26.30 resistance level as it journeys north in its long-term outlook. The market shows that the price may be trading in a new ascending channel.
Meanwhile, the bulls’ high order flow at the $24.87 high value in the last trading session contributed to the bullishness of the recent high.

At the time of writing, the HYPEUSD price has moved higher to a $25.17 high level above the EMA-50 as a pullback from the long investors as the 4-hourly chart resumes today, indicating the potential for further gains.

Meanwhile, if the bulls could prove stronger and add more tension to their buying pressure, the crypto price might head to the $25.37 barrier level, bolstering the bullish momentum for a higher recovery.

Additionally, the momentum indicator highlights that the price of Hyperliquid will rise and might head to the $26.30 supply level and beyond in the higher time frame.

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

The market price of HYPEUSD is currently trading in the bullish market zone and might head to $26.30 due to the high impact of the bulls in the market. The crypto price is above the supply levels, indicating a bullish trend.
The previous action by the bulls to a $25.11 high level has sustained the coin price above the supply trend lines in its recent high.

Today, the Hyperliquid buyers’ corrective rally at a $25.17 high level above the moving averages shortly after the 1-hour session opens today might head to the $26.40 previous high, amid an ascending bullish pattern.

Hence, a bullish breakout above the $25.17 resistance pattern could accelerate the price and might head toward the upper resistance levels.

Further, the HYPEUSD price is up on the price indicator. As a result, the bullish race might head to the $26.30 upper resistance level in the coming days in its medium-term view.

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