Hyperliquid (HYPEUSD) Price Will Accelerate More

Hyperliquid Price Forecast: July 22

Hyperliquid (HYPEUSD) remains relatively stable and will accelerate further as the token continues to gain investors’ traction amid market correction. If the current support level at $45.34 holds, and the 4-hourly chart closes above the $49.80 resistance level, the cryptocurrency may continue to rise, reaching the $50.00 upper range of the market, signaling a robust trend and potential for significant gains.

Key Levels:
Resistance Levels: $45.00, $46.00, $47.00
Support Levels: $36.00, $35.00, $34.00

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

The Hyperliquid pair will keep gaining momentum as long as the market is bullish.

This favors a long position over a longer period. Positive momentum appears when coin prices stay above the moving average line.

The coin continues to gain traction due to investors’ confidence and interest in coin investment, marking a potential increase.

Today’s 4-hourly bullish candle at the $46.29 value above the moving averages confirms HYPEUSD price will increase as the bulls remain dominant in the market.

However, a positive close above the $49.80 prior mark will signal a sustained upward momentum, indicating a possible further increase in the market value as it moves northwards.

The upward-pointing momentum indicator suggests Hyperliquid’s price will rise. It may surge to retest $49.80 and could even reach the $50.00 resistance in the coming days, supporting a bullish long-term outlook.

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

HYPEUSD remains steady above support, signaling a bullish continuation pattern. The price trades above moving averages, suggesting further growth as the market rebounds.
The bulls’ high order flow to a $45.05 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 $46.27 high mark shortly after the commencement of the hourly chart, indicating that the token price will accelerate more if market conditions remain favorable.

Thus, a sharp breakout and closure above the $48.46 prior high value will invalidate any bearish thesis as the bulls brace up for a major uptrend.

However, if bearish pressure is limited, the Hyperliquid price may rise and break its prior barrier level and extend to meet the $50.00 upper resistance level, reflecting a promising growth.

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