Hyperliquid (HYPEUSD) Price Targets $30.00 Supply, amidst Market Surge

Hyperliquid Price Forecast: March 6

Today, the Hyperliquid (HYPEUSD) price targets the $26.94 peak barrier as traders are more eager than ever to anticipate a rally after completing the low dips. The coin will still go further if the current support at $16.61 holds. The crypto’s price may continue its upside moves to retest the $26.94 previous high level and target the $30.00 supply amidst the market surge, provided buyers increase their actions.

Key Levels:
Resistance Levels: $23.00, $24.00, $25.00
Support Levels: $17.00, $16.00, $15.00

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

The Hyperliquid price targets the crucial resistance, anticipating more surge as the coin begins its upward retracement in its higher time frame. The price trades close to the supply 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.

Earlier today, the HYPEUSD buyers targeted the crucial level and aimed to rally higher as the price rebounded to a $17.67 high mark below the EMA-50 shortly after the 4-hourly chart resumed.

Thus, a possible breakout from the $17.67 neckline will accelerate the buying momentum and push the prices higher to hit the $26.94 previous resistance levels, bolstering more buying pressure on the crypto to the upper resistance levels.

Further, the market is pointing up on the daily stochastic, suggesting that the emergence of bullish pressure is crucial.

Hence, the bulls are expected to turn around the price of Hyperliquid and the target might be the $30.00 supply value amidst the market surge in the days ahead in its higher time frame.

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

HYPEUSD price targets the upper channel as it trends above the moving average, indicating an upward trend with a bullish sentiment in its medium-term perspective.
The pair made it to the $16.66 resistance level in the last session and has sustained the coin price above the supply trend lines in its recent high.

The Hyperliquid price targets the overhead resistance as it trades at the $17.63 supply level above the EMA-50, indicating upward momentum in the context of the strength of the market.

Thus, a possible breakout from the $17.63 neckline will accelerate the buying momentum and push to hit the $20.98 previous resistance levels.

Meanwhile, the HYPEUSD pair has a target price of $30.00 supply level amidst the market surge as it continues its uptrend movement to the upper resistance as indicated by the daily stochastic pointing upwards. Hence, the mentioned target might be reached in the coming days in its medium-term perspective.

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