Hyperliquid (HYPEUSD) Price Soars to New ATH of $51.87

Hyperliquid Price Forecast: September 9

The Hyperliquid (HYPEUSD) pair finds bullish momentum today, soaring to a new all-time high of $51.87, creating excitement among investors. With demand and adoption peaking, the token has risen by 55% increase, supporting the uptrend. The coin has been relatively stable in the past few days. Hence, a daily candlestick above the mentioned supply level would invalidate any bearish theory. As a result, if buyers can add more effort into their market tension, the trend will shift upward to the $52.00 high value, resulting in an intraday gain and a potential buy signal for the coin holders.

Key Levels:
Resistance Levels: $50.00, $51.00, $52.00
Support Levels:    $35.00, $34.00, $33.00

HYPEUSD Long-term Trend: Bullish (Daily chart)

Due to the substantial influence of buy investors, the price of HYPEUSD is rising on longer time frames and also shows a strong resistance level above the EMA-50, indicating a positive trend.

Its bullishness has been aided by the bulls’ strong order flow at a $47.66 point during the previous session.

The Hyperliquid pair has solid resistance around $51.87 above the moving average as of the time this article was written, indicating a wider price recovery on the daily chart for today.

Hence, staying close to the upper resistance level above the EMA-50 indicates a high likelihood of a bullish correction. Thus, a strong spike above the current all-time high would amplify the bullish pressure, presenting a strong resistance level.

Meanwhile, Hyperliquid’s market price is pointing upward on the daily stochastic, suggesting that the bulls may keep moving higher.

Given that the token exhibits a strong resistance level in its long-term outlook, the anticipated upside in the coin price could be as high as $52.00 in the days ahead.

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

From the chart below, we can be assured that the HYPEUSD price shows a formidable growth above the supply levels and remains strong in a bullish market in its medium-term outlook.
The coin’s recent high has strong resistance due to the prolonged bullish pressure that led to a high level of $47.47 in the previous action.

The Hyperliquid pair is losing bearish momentum as it rises to a $51.87 high level above the EMA-50 shortly after the 4-hourly chart begins today, presenting a strong resistance level.

As the cryptocurrency price continues to show signs of recovery, a further increase in buying pressure might push it across the current price level, amid an ascending bullish pattern.

In conclusion, the bullish correction at the mentioned resistance level is an indication that the bulls are planning to strongly move the price of Hyperliquid to a high level, and the $52.00 upper high mark might also be the target in the days ahead.

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