Hyperliquid (HYPEUSD) Price to Swing up, Breakout Imminent

Hyperliquid Price Forecast: February 20

Hyperliquid (HYPEUSD) price may swing up, and a break out is imminent as the crypto begins the new correction to the resistance levels with the bulls gaining more traction. Having finished the downward correction, if the bulls could trigger their forces in the market, the coin price could surge and break above the $28.17 previous high level to reach the $30.00 upper resistance mark, triggering the buying opportunity for traders.

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

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

The Hyperliquid pair is about to swing up, and break out is imminent as the coin begins fresh movement towards the resistance levels in its higher time frame.
The price bar is below the moving average, making its way up to the resistance line to invalidate the bearishness.

The bears’ pressure at the $25.47 support value in the last session has contributed to its bearishness in its recent correction.

After the completion of lows at $25.39, the HYPEUSD buy traders corrected the $23.93 supply mark and further rose to a $24.86 high value to resume its next uptrend move as the 4-hourly chart resumes today, resulting in an intraday gain.

Thus, the price of Hyperliquid may swing up, and a breakout is imminent if the bulls can redouble their efforts and push above the current supply level.

Hence, the current correction phase may continue as the momentum indicator signals an uptrend. In light of this, the crypto price may swing up to reach a significant $30.00 upper resistance level in the days ahead as the bulls continue their bullish correction in its long-term perspective.

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

The HYPEUSD pair is trying to resist sellers, and a breakout is imminent as the journey to the resistance level begins in its medium-term outlook. The coin is trading below the EMA-50, indicating a bearish trend.
However, the market is presently facing resistance at the recent high due to the returns of the bulls into the market.

The price action which increases from $24.63 level to $24.86 resistance level below the moving averages as a retracement move, affirms the presence and the impact of the bulls in the market.

Meanwhile, if the rebounds persist, the Hyperliquid price may swing up to the $28.28 prior barrier level, putting the trade more on the buying side.

Hence, the HYPEUSD pair pointing up on the daily stochastic implies that the buying pressure may continue and suggests a possible recovery of the $30.00 supply level in the coming days in the medium term.

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