Hyperliquid (HYPEUSD) Price Showing More Jumps Ahead

Hyperliquid Price Forecast: September 2

The HYPEUSD pair indicates that more jumps are ahead as the bulls reclaim another crucial supply level with bullish sentiment. If the bulls can drive the price higher and the market price holds over the resistance level of $50.65, the coin might rise even further. Hence, the potential rally might break through the previous high level of $50.65 and reach the upper resistance value of $51.00, signaling strong potential for significant gains.

Key Levels:
Resistance Levels: $45.00, $46.00, $47.00
Support Levels:     $39.00, $38.00, $37.00

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

The Hyperliquid price will soar as buyers reclaim crucial supply, anticipating further surges as the coin begins its upward retracement in its higher time frame. The price trades close to the resistance level, indicating a bearish trend.
The token price has been below the supply trend levels since its most recent low due to the persistent bearish pressure over the last few days.

As the 4-hourly session begins today, the market price of HYPEUSD pulls back to a high level of $45.34 below the moving averages, indicating that bulls have returned to the market and bullish sentiment has recovered, bolstering more buying pressure on the crypto to upper resistance levels.

The coin price is therefore anticipated to retest the $50.65 prior barrier level and target the upper range if the positive trend continues.

Notably, the Hyperliquid market is pointing up on the daily stochastic, suggesting that the emergence of buy investors is crucial. In this case, the bullish rally may drive the token price higher to the $51.00 upper high mark in its higher time frame.

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

The Hyperliquid market is full of opportunities for exponential growth as it overcomes selling pressure.
The coin price is above the moving average, making higher highs and higher lows, indicating an uptrend.

Meanwhile, the upward trend may continue, following the increasing volume by the bulls.

At $45.32 above the EMA-50, the Hyperliquid price swung higher and recaptured a critical supply today, providing buyers a good entry point and predicting upward continuation given the market’s strength.

Notably, if the bulls increase the strength of their buying demand, the upward trajectory may regain another important resistance of $49.87.

In the same vein, additional surges are anticipated as the coin price indicates an upward tendency based on the daily indications.

Given this, the bulls may raise the coin’s value in the coming days to reach the upper high level of $51.00 in its medium-term perspective.

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