Hyperliquid (HYPEUSD) Price Offers a Good Buy at $49.37 Resistance Level

Hyperliquid Price Forecast: October 31

The Hyperliquid (HYPEUSD) price presents a good buying opportunity today as it breaks out and surges 3.74% in the last 24 hours, indicating strong investor interest amidst the market correction. However, the coin will surge if the bulls can push further and the coin price sustains above the high of $57.16 level. Hence, the token price may spike to the overhead resistance level of $59.00, signaling a strong buy opportunity and a favorable long-term investment prospect.

Key Levels:
Resistance Levels: $48.00, $49.00, $50.00
Support Levels:    $35.00, $34.00, $33.00

HYPEUSD Long-term Trend: Bullish (Daily chart)

The Hyperliquid price is pumping up again. In the long run, the pair points to a solid purchase near the current resistance level.
With massive volumes from the bulls, the coin price is trading above the moving averages, indicating bullish momentum.

The crypto price remains firm above the supply levels in its recent high due to an increasing order flow by the bulls at $44.57 in the preceding action.

The bulls’ dominance in the HYPERUSD market is confirmed by the daily bullish candle at $49.37 supply mark above the EMA-50 today, which provides a strong buy signal.

However, a potential breakout from the current trend line above the $57.16 all-time high barrier will bolster the long investors to drive the price to the upper resistance zone.

Further, the Hyperliquid price offers a good buy and indicates an upward momentum on the daily signal.

Due to this, the pair will continue to increase to the upside, and the $59.00 upper resistance level might be the target, suggesting more gains for coin traders in its long-term outlook.

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

Due to the significant inflow from long traders, the Hyperliquid market continues to be forced above the resistance levels in its medium-term view, making it a good buy as well.
The price of the cryptocurrency has been able to offer a good purchase and remain stable at the upside in its recent high due to the bulls’ increased momentum at the $47.74 supply value in the last few hours.

The market price of HYPEUSD offers a strong buy at the $48.89 high value above the EMA-50 as the 4-hourly chart opens today, confirming the existence of additional buyers in the market and recommending a buy trade for cryptocurrency investors.

Hence, an upside breakout above the $51.28 previous barrier mark with a 4-hourly candle closing will offer buyers a solid foothold to push the coin price higher.

Notably, the coin is pointing up around the 83% range of the daily stochastic, implying that the bulls may continue to dictate the market direction, and a good buy.

In light of this, the post-correction rally could drive the Hyperliquid pair to an initial target of $59.00 upper high level soon.

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