Hyperliquid (HYPEUSD) Price Rises above the Resistance Trend Levels

Hyperliquid Price Forecast: April 24

Today, the HYPEUSD market looks promising as it rises above the resistance levels amid soaring network activity. The entire market is up by 10.75% and headed for higher highs as derivatives traders turn overwhelmingly bullish on the asset. However, this increase projects a possible increase of 10% gain. Therefore, if the buying pressure persists, the coin price could surge high and touch the $19.00 resistance level, extending to the $20.00 upper high mark, resulting in a high momentum rally and an investment opportunity for interested traders.

Key Levels:
Resistance Levels: $17.00, $18.00, $19.00
Support Levels: $10.00, $9.00, $8.00

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

HYPEUSD pair gained traction as it rose above the resistance trend levels, reaching a new high, indicating a bullish market trend in its long-term view. However, the market is facing the upper resistance at the recent high.
The pair was able to hold above the supply levels in its recent high due to the sustained bullish pressure at the $18.29 high value during the last session.

At the time of writing, the current price of Hyperliquid at the $18.84 resistance level above the EMA-50 as the 4-hourly session opens today indicates an uptrend. This could potentially propel the coin price towards an exciting $19.26 previous peak level, providing buyers with a solid entry point and attracting new investors to the network.

Additionally, the daily stochastic indicates an uptrend; hence, there is a tendency for the HYPEUSD price to rise further.

If the support level at $18.12 holds, this will enable buyers to target the $20.00 upper resistance level soon, bolstering further recovery in its long-term perspective.

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

The HYPEUSD pair depicts a beautiful bullish continuation as it rises above the resistance trend level for possible growth in the medium-term outlook.
The price is progressing above the moving averages, suggesting buyers are gaining more strength in the market.

The high momentum by the bulls at the $18.5 supply value in the last session has enabled the crypto price to stay strong above the resistance trend line.

Today, the Hyperliquid price looks for more growth as it rises to a $18.84 supply value above the moving average as the 1-hourly chart resumes, encouraging buyers to invest in the crypto, as possible future gains are certain.

Furthermore, the daily stochastic signals an uptrend; if the bulls could push harder and sustain the HYPEUSD price above the $18.84 current price level, the resulting rally may surpass the $19.00 level and hit the $20.00 psychological level at the upside in the days ahead in its medium-term perspective.

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