Hyperliquid (HYPEUSD) Price Will Rise Further as It Begins its Bullish Correction

Hyperliquid Price Forecast: June 19

The Hyper liquid (HYPEUSD) price will rise further as it begins its bullish correction. The pair initiates another uptrend as it prints a 5% increase in the last few hours, showcasing investors’ interest in the asset. The coin is moving upward, and if all support levels hold and resistance breaks out of the $45.77 level, the coin price might swing to the $48.00 upper resistance level, resulting in an intraday gain for the coin holders.

Key Levels:
Resistance Levels: $44.00, $45.00, $46.00
Support Levels: $37.00, $36.00, $35.00

HYPEUSD Long-term Trend: Bullish (Daily chart)

From the long-term perspective, the Hyperliquid market is positive as it begins its bullish correction. The prices trading above the EMA-50 denote an uptrend, making this evident.
The flow from the bulls to a $41.88 supply value in the last session also added to its bullishness. Meanwhile, the token price will rise further as the bulls remain dominant.

When writing, the HYPEUSD market shows that the price will rise further as the price action moves upward to a $41.08 high mark above the supply level as the daily chart resumes, implying that buyers are defending this level and attempting to push the coin price higher.

As a result, a significant surge above the $45.77 supply level will provide the cryptocurrency with strong resistance and draw in more buyers.

Notably, the market indicates an increase in the daily signal as it begins its bullish correction.

In light of this, the bulls will surge the Hyperliquid price upward and may eventually touch the $48.00 upper supply value in the upcoming days in its higher time forecast.

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

HYPEUSD price will rise further as it begins its bullish correction on the medium-term chart. The price is below the moving average, suggesting a bearish trend.
The crypto price has fallen below the supply trend lines as a result of the bears’ pressure, which brought it to a low of $38.97 in the last session. Still, it appears like the price will rise further as it begins its bullish correction to drive the coin market upward.

The Hyperliquid price responded to the shift in market structure as it began its bullish correction at the $41.08 resistance below the moving averages as the 4-hourly chart opens today.

Provided there is significant buying pressure and optimistic market sentiment, the cryptocurrency has the potential to rise further, retesting the $45.77 prior barrier as it begins its bullish corrective, offering a vibrant resistance to the crypto price.

Additionally, the daily stochastic suggests an uptrend, indicating that the HYPEUSD price will rise further as it begins its bullish correction and may soon result in the $48.00 resistance trend line in the medium-term forecast.

Place winning Hyperliquid trades with us. Get HYPE here