Hyperliquid (HYPEUSD) Remains Open for Bullish Growth

Hyperliquid Price Forecast: June 10

Hyperliquid (HYPEUSD) pair remains open for bullish growth as the market experienced a notable price surge over the past few hours, suggesting a buying time for coin traders. The coin price will move higher above the $36.21 daily current resistance candle if buyers should triple their efforts to forecast a bullish increase in the market above the $39.40 previous high level. The $40.00 upper high level may be the target, reflecting investors’ growing interest and momentum.

Key Levels:
Resistance Levels: $34.00, $35.00, $36.00
Support Levels: $19.00, $18.00, $17.00

HYPEUSD Long-term Trend: Bullish (Daily chart)

Despite minor corrections, the Hyperliquid pair registered a positive market and remains open for bullish growth, capturing attention across the cryptocurrency market in its long-term outlook.
The coin price is trending towards the overhead resistance above the moving average line, indicating a bullish momentum.

The buying pressure from the bulls at the $35.13 supply value in the last session also contributed to this bullishness.

Today, buyers are becoming more active and the HYPEUSD pair remains open for bullish growth as the bulls drove the token price to a $36.21 supply level above the EMA-50 as the daily chart opens, regaining investors’ attention amid the increasing bullish move.

According to the view, a bullish breakthrough confirmation will show that market sentiment has improved if the bulls continue to rise and close above the $39.40 prior high mark.

In addition, the momentum indicator also signaled an uptrend. As a result, buyers are expected to continue with the trend and in this case, the Hyperliquid price might surge to reach the $40.00 upper resistance value in its long-term perspective.

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

The medium-term market exhibits a positive race despite the short-term traders’ disruption of the price flow.
The HYPEUSD price is currently rising above moving averages, indicating that buyers are leading in the market.

In the previous session, the coin price closed at the $34.91 supply level above the EMA line. But increased buying pressure pushed the crypto price to a $36.20 resistance value above the moving averages shortly after the chart opened today, reflecting promising growth.

Hence, the Hyperliquid pair remains in an upward direction, suggesting that the crypto is open for bullish growth.

Thus, the bulls may continue to dictate the market position and the $39.58 previous peak barrier might be reached and extend to a $40.000 upper resistance level on the medium-term forecast.

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