Hyperliquid (HYPEUSD) Resumes Bullish Rally

Hyperliquid Price Forecast: August 21

Today, the Hyperliquid (HYPEUSD) pair resumes its bullish rally to grow again. The coin price is attempting to initiate the next upward rally, moving upward beneath the supply levels. Therefore, if the bulls can push harder, all support levels hold, and resistance breaks out of the $47.77 level, a further shift in the token price may retest the $48.52 high value and extend to reach the $49.48 upper high value, suggesting a rising bullish momentum.

Key Levels:
Resistance Levels: $42.00, $43.00, $44.00
Support Levels:    $37.00, $36.00, $35.00

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

Targeting the resistance level in its higher time frame, the Hyperliquid price is attempting the next upward rise as it restarts its bullish surge. A bearish market zone is also indicated by the price being below the EMA-50.
The bears’ push to a $40.92 mark in the previous session has caused the price to drop below the supply trend line lately. Now, as the new correction begins, it looks as though the bulls are ready to take over.

The 4-hourly chart commences today and guides the price trajectory towards the resistance level. The HYPEUSD pair experiences a post-rally below the moving averages at the $42.15 resistance mark.

Furthermore, the coin price may spike to the previous resistance level of $47.77 if the bullish trend materializes, laying the groundwork for an upward trajectory

As the pair restarts its bullish rise in the long-term projection, the daily stochastic also points to an uptrend, suggesting a positive continuation of the trend towards the $49.48 resistance trend line or higher in the next few days.

HYPEUSD Short-term Trend: Bearish (1H chart)

In the short term, the HYPEUSD pair resumes its bullish rally, displaying a negative sign. Because of the large influx of sell traders, the price responded to the change in market structure and is now below the moving averages.
The coin’s price decline below the supply levels at its most recent high has been exacerbated by the price reduction to $41.96 below the supply level in the prior action.

As it begins its bullish advance, the Hyperliquid price anticipates rising further, reaching the $42.15 supply value below the EMA-50, indicating buy traders’ returns.

This pattern is being followed by market participants, and if it breaks out, the token price may reach the high of $48.43, providing coin traders with a favorable entry point.

As the pair resumes its bullish advance in its higher time frame, the price of HYPEUSD may rise further to reach the $49.00 upper resistance level, signaling a good supply zone for a potential BUY, if the bulls prove firm and extend their buying push.

Place winning Hyperliquid trades with us. Get HYPE here