Hyperliquid (HYPEUSD) Remains under Bullish Pressure at $49.32 Level

Hyperliquid Price Forecast: October 28

The Hyperliquid (HYPEUSD) pair remains under bullish pressure at $49.32 and may continue to rise if the bulls do not relent their purchasing activities. Meanwhile, if the uptick trend persists, the token price can surge and break the prior peak value of $57.98, suggesting a good time to buy for coin traders. Hence, if a historical trend repeats, a breakout is imminent. In such a case, the crypto price could surge to a new all-time high of $59.39 and extend to hit the $60.00 upper high, fueling optimism for a significant surge.

Key Levels:
Resistance Levels: $49.00, $50.00, $51.00
Support Levels:    $35.00, $34.00, $33.00

HYPEUSD Long-term Trend: Bullish (Daily chart)

The Hyperliquid pair may continue its bullish trend as it remains under bullish pressure on the higher time frames.
The coin may increase as it recovers and trends towards the overhead channel over the past few hours, leaving the price to trade above the supply levels and confirming an uptrend.

The pressure from the bulls’ long bullish candle at the $48.59 supply value in the last session has sustained the price of HYPEUSD above the supply trend levels in its recent high.

Earlier today, the Hyperliquid price rose to a $23.81 resistance level above the EMA-50 as the daily session began, attracting an unusually high number of new entrants in the market.

The coin market could see more increase, and a potential upswing would get better confirmation of a bullish recovery if buyers break above the prior high of $57.98.

Interestingly, the momentum indicator remains up, indicating an uptrend.

It is anticipated that buyers would follow the trend; in this scenario, the Hyperliquid price may rise further and soon approach the upper resistance level of $59.00 from a long-term standpoint.

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

The chart that follows shows that Hyperliquid’s medium-term market value is trending upward.
A bullish race is confirmed as the coin price stays high above the supply level, facing the market’s upper channel.

The pair hit and held the $47.82 resistance level during yesterday’s trading session. This has enabled the coin to maintain its upward trajectory at its most recent price.

When writing the article, the price of HYPEUSD was driven above the key level today by more purchasing pressure, moving from the $48.09 value to the $49.32 resistance level above the EMA-50.

Therefore, if the recoveries continue, the token price may rise to retest the $51.28 peak barrier, attracting the attention of investors and growth in the asset.

Additionally, the price of Hyperliquid could, however, rise further if buy traders strengthen their price actions and all present support levels hold.

In the medium term, a psychological critical level at the $59.00 supply level might be hit shortly.

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