Hyperliquid (HYPEUSD) Price Set for an Upswing

Hyperliquid Price Forecast: October 9

Hyperliquid (HYPEUSD) price is set for an upswing as it resumes another bullish rally at the support level. The crypto is about to reclaim another crucial supply level, moving towards the resistance region to create room for potential future gains. Hence, if all support levels hold and resistance breaks out of the $54.88, a further shift in the price might retest the $57.98 high value and extend to reach the $59.39 upper high value and possibly as high as $60.00, suggesting a rising bullish momentum.

Key Levels:
Resistance Levels: $48.00, $49.00, $50.00
Support Levels:     $33.00, $32.00, $31.00

HYPEUSD Long-term Trend: Bearish (Daily Chart)

The Hyperliquid price is attempting the next upward rally as it resumes its bullish rally, targeting the resistance level in its higher time frame. Further, the price is below the EMA-50, indicating a bearish market zone.
The crypto price has fallen below the supply trend lines as a result of a $44.58 low in the last session, but it now appears that the bulls are about to take control as the new correction resumes.

As the daily chart begins today, the HYPEUSD pair rebounded from the $44.58 support level and surged upward to the $46.47 supply level beneath the moving average, indicating a genuine reversal that may attempt the $57.98 crucial supply, shaping the price trajectory towards the upper high range.

Given this, the daily stochastic pointing upward suggests that buy investors are likely to have a bullish impact toward the higher side.

As Hyperliquid pair is poised to reclaim new supply levels in the long run, bulls may target the psychological level of $59.39 resistance value in the coming days.

HYPEUSD Medium-term Trend: Bearish (4H Chart)

In its medium-term outlook, the cryptocurrency is trading in a bear market due to the strong influence of the sell traders.
After breaking through support at the $45.67 level to indicate a pump up, HYPEUSD may be on the rise. However, it appears that the price will bounce up again.

As the 4-hourly session begins today, the market price of Hyperliquid rises to a high level of $46.47 below the moving average, indicating that the bulls have returned to the range and that market sentiment has strengthened.

The trade will therefore be more on the buy side if the session closes above the $58.22 prior resistance level, encouraging buyers to invest in the asset.

Notably, the coin is pointing in an upward direction on the daily stochastic; if further selling pressure is prevented; a post-retest rally might push prices higher and reach the $59.00 resistance level in the near future.

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