Hyperliquid (HYPEUSD) Price to Swing up, as Buyers Reclaimed Crucial Supply

Hyperliquid Price Forecast: April 1

HYPEUSD may reclaim another crucial supply level soon as it is time to resume its bullish race. The coin is trying hard not to fall heavily to the downside. Therefore, if the bulls could trigger their forces in the market, the price may surge to reach the $17.19 previous high mark and extend to meet the $20.00 upper supply level and beyond, signaling strong potential for significant gains.

Key Levels:
Resistance Levels: $19.00, $20.00, $21.00
Support Levels: $12.00, $11.00, $10.00

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

The Hyperliquid price will swing up as buyers reclaim crucial supply, anticipating more surges as the coin begins its upward retracement in its higher time frame. The price trades close to the resistance 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.

The HYPEUSD pair rebounded from the $12.19 support value and pushed higher to the $12.92 supply level below the EMA-50 as the 4-hourly chart opens today, indicating a genuine reversal which may attempt the $17.19 crucial supply breakout, bolstering more buying pressure on the crypto to the upper resistance levels.

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

As a result, the momentum in the coin price might remain and continue in an upward move to hit the $20.00 upper resistance level in the days ahead in its higher time frame.

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

HYPEUSD price reclaimed crucial supply as it surged above the resistance level in its medium-term outlook. The price is slightly above the EMA-50 and moving towards the upper resistance area, suggesting a bullish trend.
The sustained bullish pressure at a $12.55 level in the previous action actually made it easier for the buy investors to retain the strength in its recent high.

Today, the Hyperliquid price swung up and reclaimed a crucial supply at $12.92 above the EMA-50, indicating upward momentum in the context of the strength of the market, providing buyers with a solid entry point.

It’s worth noting that the upward trajectory could reclaim another crucial supply at the $16.85 barrier if the bulls add more strength to their buying pressure.

Similarly, more jumps are ahead as the coin price suggests an uptrend on the daily signals, pointing upwards. In light of this, the bulls may increase the coin value to touch the $20.00 upper high level in the days ahead in its medium-term outlook.

Place winning Hyperliquid trades with us. Get HYPE here