Hyperliquid (HYPEUSD) Resumes its Upward Correction

Hyperliquid Price Forecast: October 21

Hyperliquid (HYPEUSD) price is rising once more. The coin market resumes its upward correction and may continue to grow, demonstrating high optimism among investors. The coin is making positive moves, and the price could surge higher if the bulls increase their buying speed and break through the $50.67 peak value. Then, the upside momentum could reach the $51.28 upper resistance level and beyond, showcasing the growth potential and a good entry point for long traders.

Key Levels:
Resistance Levels: $50.00, $51.00, $52.00
Support Levels:     $31.00, $30.00, $29.00

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

Despite the market’s unpredictability, the Hyperliquid price registered and remains positive in its higher time frame.

The coin price is slightly trading in a bullish momentum and looks good for a long at the current price level, signifying a buy signal.

This bullishness was further bolstered by the strong order flow from the bulls to the $38.40 supply value in the last session.

As the 4-hourly chart starts today, the HYPEUSD price climbs sharply above the resistance at the $39.17 level. This rise is due to a strong bullish influence on the market price.

Thus, should the bulls change their orientation and speed up their buying actions, the token price may give a bullish breakout, reaching a prior high at $50.67, before a range breakdown.

Additionally, the Hyperliquid market value may remain positive and still looks good for the long-term traders, as indicated by the daily stochastic, pointing in an upward direction.

Given this, the bulls may remain dominant and push the crypto price towards the $51.28 upper resistance area, shaping the price trajectory in the long-term view.

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

The HYPEUSD pair remains in a positive movement today. The price is trading in a bullish momentum and looks good for long-term investors in its short-term outlook.
The bulls’ pressure on the $37.94 supply value in the previous action has kept Hyperliquid’s price above the supply trend levels at its most recent high.

The coin buyers responded to the market and moved the coin price to a high at the $39.17 resistance mark above the EMA-50 and remained positive, indicating an impressive uptick in performance.

Thus, buyers will have a solid basis to push the Hyperliquid price higher with a 1-hour candle closing and an upward breakout above the $41.05 barrier, offering coin buyers a great opportunity to enter the market.

Additionally, the upward momentum indicator suggests that the HYPEUSD price may continue rising. As a result, the $51.00 upper resistance mark might be the target in the coming days.

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