Hyperliquid (HYPEUSD) Price Poised for Further Growth

Hyperliquid Price Forecast: November 4

The Hyperliquid (HYPEUSD) market is poised for further growth as it begins a new correction. The price is growing again and could surge to the anticipated target of $48.81, the prior high level, as it trends towards resistance, suggesting the bulls are making a recovery attempt. Thus, if the current support at $40.52 value holds, and the 4-hourly chart closes above the previous high barrier, the crypto price might extend to reach the $49.82 upper resistance level, resulting in an intraday gain for coin buyers.

Key Levels:
Resistance Levels:  $48.00, $49.00, $50.00
Support Levels:     $34.00, $33.00, $32.00

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

Due to low bullish momentum, HYPEUSD is bearish. The coin price anticipates further growth as it begins another bullish rally. However, it has not yet reached its goal in the long term.
Short-term traders have a significant influence on price movement. A price bar trending below moving averages shows bearish momentum.

Actions from sellers at a $41.49 low value in the last few days have dropped the crypto price beneath the supply trend lines in its recent correction.

The Hyperliquid pair anticipates further growth, and an increase is imminent as the coin begins fresh movement toward the resistance levels at $41.76 below the EMA-50, indicating that the bulls are gradually pushing for an increase and to command the HYPEUSD’s price actions.

Therefore, if the purchase traders can increase the pressure on their market buying operations, the token price will rise even more; the previous top level of $48.81 may be retested.

Furthermore, the daily stochastic indicates an uptrend; in this case, the price of Hyperliquid may continue its bullish trend pattern, and the price could grow further to reach the $49.82 supply mark in the days ahead.

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

The HYPEUSD pair is trading near the resistance level, indicating a bearish trend in the short-term view.
The sustained bearish action at the $41.51 resistance level in the past few hours has contributed to its bearishness lately.

The Hyperliquid buyers increased the coin price to $41.71 below the EMA-50 after the commencement of the 1-hourly chart, suggesting they are set for the next bull trend as they resume gradually in the crypto market.

Traders are responding to this pattern, and its breakout could lead the coin price to hit the $49.77 high point, offering a good entry opportunity for coin traders.

Meanwhile, further growth is likely as the price signal points upwards, implying that the upward rally might continue to break the prior resistance value and extend to meet the $50.00 supply value in the coming days from a short-term perspective.

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