Hyperliquid Price Forecast: February 27
The Hyperliquid (HYPEUSD) price may continue with the new correction phase to break up the $27.35 prior resistance value. Additional losses for the coin would result in a breach below the $17.03 support level. However, a daily candlestick above the $27.35 supply level would disprove any bearish hypothesis. Therefore, if buyers can put more effort into their tension in the market, a shift in the trend towards the $30.00 upper resistance point will be achieved, resulting in an intraday gain for coin buyers.
Key Levels:
Resistance Levels: $20.00, $22.00, $24.00
Support Levels: $17.00, $16.00, $15.00
HYPEUSD Long-term Trend: Bearish (4H chart)
The HYPEUSD momentum on the long-term outlook looks bearish, but it is starting to turn bullish to break up at the $27.13 level as the bulls resume the new correction trend. The price is below the EMA-50, indicating a downward momentum and the high impact of sellers.
Today, commitment from the bulls retraced the Hyperliquid price from the mentioned support to a $19.16 high mark below the EMA-50 as the 4-hourly chart opens, resisting the start of another bear cycle.
However, if a renewed surge in buyers’ interest occurs, the HYPEUSD price may break up the $27.35 previous resistance value, providing coin buyers with great recovery potential,
Thus, should the bulls change their orientation and the buying pressure persists, the crypto will give a bullish breakout of the bearish pattern to retest the $27.13 supply level, leading the Hyperliquid to break up the mentioned supply to hit the $30.00 high mark in the coming days in its long-term perspective.
HYPEUSD Medium-term Trend: Bearish (1H chart)
The HYPEUSD pair has rebounded after its downside moves. The coin is about to break up its previous supply level at $25.87 as it begins the bullish trend in its medium-term outlook.
The Hyperliquid pair breakout from the $19.16 level below the EMA-50 on the 1-hourly chart today, suggesting buyers are making a recovery attempt.
Meanwhile, there is a higher probability of the price breaking up its resistance level of $25.87 and going up much further if the bulls add more tension to their buying impulse.
Additionally, the HYPEUSD pair will rise further to break up its previous high at $25.87 as shown by the price indicator pointing upwards. As a result, the token price may pump up to reach the $30.00 upper resistance mark and beyond in its medium-term outlook
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