Hyperliquid (HYPEUSD) Price to Break Up at $27.35 Level

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.
The sustained bearish pressure to a $17.03 support level in the previous action has led to the coin’s bearishness in its recent price level.

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.
Actions from the short traders at a $20.07 low value in the last session have dropped the token price beneath the supply trend lines in its recent price level.

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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