Hyperliquid (HYPEUSD) Shows a Bullish Flag

Hyperliquid Price Forecast: October 2

Hyperliquid (HYPEUSD) price is relatively stable, indicating a bullish flag at $47.84, implying a good time to buy for coin traders. The coin is projecting the upper resistance trend levels above the moving averages. Therefore, any bearish thesis would be disproved by a candlestick above the $59.09 prior supply barrier. The trend will therefore move upward to the high value of $60.00 if buyers are able to take more actions to increase their market buying tension, resulting in an intraday gain and a possible buy signal for coin traders.

Key Levels:
Resistance Levels: $47.00, $48.00, $49.00
Support Levels:     $39.00, $38.00, $37.00

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

On a longer time frame, the price of Hyperliquid is above the moving average and has broken the previous high, confirming a bullish momentum.
The chart below indicates that the pair is in a smooth uptrend, which is nice for the buy trader and suggests a buy signal.

The long traders’ increased momentum reached a high value of $45.67 during yesterday’s session, enabling the token price to remain in an uptrend recently.

As the 4-hourly chart opens today, the HYPEUSD price breakout above the EMA-50 at the $47.84 resistance mark shows that there is a strong buying influence on the coin, leading to intraday gains.

Therefore, a break above the top level of $59.09 suggests that the current trend is stronger.

Additionally, the Hyperliquid pair displays a bullish flag by pointing upward on the daily signal.

Furthermore, if the support level remains intact, buyers may be able to push the crypto price to an upper high of $60.00 in the next days from a long-term viewpoint.

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

The market price of HYPEUSD is currently trading in the bullish market zone, due to the high impact of the buying crew.
The HYPEUSD pair has been in an uptrend in the last session, which has enabled its upward growth to its recent high.

Shortly after the 1-hourly chart today, buy traders launched a forceful move up to the $47.74 barrier level above the EMA-50. However, this enables the coin to surge even higher.

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 $48.05 barrier, offering coin buyers a great opportunity to enter the market.

Notably, the price signal pointing upwards indicates that the trend will remain in an uptrend.

Hence, if buyers increase their market tension and the prices break above the prior resistance trend line, a bullish trend continuation to the overhead resistance of $49.00 is possible soon, showing a bullish flag in the medium-term outlook.

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