Hyperliquid (HYPEUSD) Price Triggers Bullish Move

Hyperliquid Price Forecast: June 5

Hyperliquid (HYPEUSD) price is exhibiting an impressive upward trajectory as it triggers a bullish to a $38.07 high  mark driven by major developments and adoption. The coin is rising again and remains relatively stable to grow as the token continues to gain traction amid market correction. Hence, if the coin price sustains above the pattern supply trend line at the $39.58 high level, the price may trigger up to the overhead resistance mark at the $40.00 level, regaining investors’ attention amid the increasing bullish move.

Key Levels:
Resistance Levels: $36.00, $37.00, $38.00
Support Levels: $30.00, $29.00, $28.00

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

The Hyperliquid pair triggers a bullish move amidst the recent downturn in the crypto market. The rise is due to the order flow from the buy traders, with a slight 4.69% increase in the higher time frame.
The coin is experiencing fresh traction and will grow more as the coin market remains bullish and looks good for a long position. The coin price is above the moving average lines, indicating a bullish momentum.

The bulls’ pressure to the $36.64 high point in the last session has enabled the crypto’s price to initiate another uptrend above the resistance level in its recent high.

Today, the HYPEUSD price is rising again on the 4-hourly chart with a bullish candle at a $38.07 high mark above the EMA-50 as the bulls brace up for a major uptrend.

Thus, should the bulls change their orientation and speed up their buying actions, the coin price may give a bullish breakout, reaching a prior high at $39.58 before a range breakdown.

Notably, the upward momentum indicator suggests that the Hyperliquid price might continue rising and this may reach the $40.00 upper resistance mark in the coming days in its long-term outlook.

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

The Hyperliquid pair triggers a bullish move as it remains in a bullish trend market in the medium-term outlook due to the high impact from the long-term traders in the price flow.
The bullish reversal at the $33.63 high value in the previous action has triggered the bullish move above the trend line in its recent high.

Today, actions from buyers trigger the bullish move to the $38.07 supply value above the moving averages as the 1-hourly chart commences, highlighting increasing investors’ interest and expectations for a notable increase.

The HYPERUSD market participants are responding to this pattern, and its breakout should offer a good entry opportunity.

Meanwhile, further upsides are likely as the crypto price signal is pointing upwards, indicating that the bullish move will continue and may likely break the $38.19 resistance, reaching the $40.00 supply value soon as it triggers a bullish move in the medium-term frame.

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