Hyperliquid (HYPEUSD) Price to Grow More

Hyperliquid Price Forecast: January 28

Hyperliquid (HYPEUSD) remains relatively stable and will most probably grow more as the token continues to gain investors’ traction amid market correction. Having finished the downward correction, the crypto might grow more and continue its upside move if the current support at $23.05 value holds, and the 4-hourly chart closes above the $24.97 resistance level; there is a high probability of the price going up to its recent swing high of $26.75 resistance trend line, signaling strong market optimism and potential for significant gains.

Key Levels:
Resistance Levels: $24.00, $25.00, $26.00
Support Levels: $18.00, $17.00, $16.00

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

The Hyperliquid pair is witnessing fresh traction and will grow more as the coin market remains bullish and looks good for a long position in its higher time frame. The coin prices are above the moving average lines, indicating a bullish momentum.
The coin continues to gain traction due to investors’ confidence and interest in the coin investment, marking a potential increase.

Today’s 4-hour bullish candle at the $23.51 value which further rises to a $23.90 supply mark above the moving averages, confirms the HYPEUSD price will grow more as the bulls remain dominant in the market.

However, there are bullish signals above the level of $23.65 indicating a possible further increase in the market value as it journeys up north.

Next, the momentum indicator pointing upwards suggests that the Hyperliquid price will grow more and might surge to retest the previous high of $26.75 value which can further extend to the $28.00 upper resistance value in the coming days in its long-term outlook.

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

The HYPEUSD pair might grow more as it stabilizes above the support levels, suggesting a beautiful bullish continuation pattern in the medium-term outlook.
The price is progressing above the moving averages, indicating the crypto market could grow more as it rebounds.

The bulls’ high order flow to a $23.41 resistance level in the last session has contributed to the coin’s strength in its recent high.

Today, the Hyperliquid price has just broken up the EMA-50 at the $23.90 high mark shortly after the commencement of the hourly chart, indicating that the token price will grow more if market conditions remain favorable.

Thus, a sharp breakout and closure above the current correction phase at a $23.90 high value will invalidate any bearish thesis, and then there is a high probability of the HYPEUSD price going up to its recent swing high at $27.03 level to wade off the bearish shackles and focus on the ultimate breakout to the $28.00 upper resistance level and beyond, as the crypto anticipates to grow more in its medium-term perspective.

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