Hyperliquid (HYPEUSD) Price Remains Bullish

Hyperliquid Price Forecast: June 3

The Hyperliquid (HYPEUSD) pair is relatively stable and remains bullish as the token continues to gain investors’ traction amid market correction. Having finished the downward correction, the crypto is trying hard not to fall by resisting sellers from coming up. Hence, if the bulls’ pressure breaks up the resistance level at $39.58, the coin price may further increase to a $40.00 upper high level, signaling strong market optimism and potential for significant gains.

Key Levels:
Resistance Levels: $31.00, $32.00, $33.00
Support Levels: $18.00, $17.00, $16.00

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

The Hyperliquid pair remains bullish as it continues to witness fresh traction and an increase in growth toward the upper resistance channel in its higher time frame. The coin price is above the moving average lines, indicating a bullish momentum.
The bulls’ activities on the crypto to a $32.45 high level in the previous action have led to the coin’s bullish
ess in its recent high.

At the writing time, due to investors’ confidence and interest in the coin investment, the HYPEUSD price remains bullish at a $33.58 high level, marking a potential increase.

However, a positive close above $38.07 will signal a sustained upward momentum and a push above the $39.58 prior high level will form the ultimate trigger.

Notably, the Hyperliquid price might remain bullish as indicated by the price indicator already pointing upwards.

In light of this, a further rise in the coin market value is sure and may reach a $40.00 upper high mark in the days ahead in its long-term outlook.

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

The market value of the HYPEUSD pair remains bullish in the medium-term time frame as prices are above the EMA-50, indicating a bullish trend.
The crypto’s resistance value at $33.35 in the last session has sustained the upward strength in its recent high.

On the 1-hour chart, prices of Hyperliquid remain bullish at $33.58 level, resulting in a 3.46% increase in market value. The prices are above the moving averages and have confirmed a bullish momentum, breaking the previous high at $33.06.

Thus, a possible breakout from the current retracement at the $33.58 neckline will accelerate the buying momentum and push prices to the $34.28 previous resistance, as it grows remarkably.

Furthermore, the coin market is pointing up at around the 59% level of the daily stochastic, implying the bulls may continue to dictate market direction.

Hence, the bullish correction pattern may push the HYPEUSD price to a $40.00 supply trend line in the days ahead as the token remains bullish in its medium-term forecast.

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