Hyperliquid (HYPEUSD) Suggests a Good Buy at $16.80 Resistance Level

Hyperliquid Price Forecast: March 27

Hyperliquid (HYPEUSD) has shown incredible strength today. The chart setup suggests a good buy at the $16.80 current supply level, considering a bullish continuation pattern as an optimistic approach for coin traders. The coin anticipates more significant growth. Meanwhile, if the bulls can push further and the crypto price sustains above the peak resistance at the $20.98 level, the price may trigger up to the overhead resistance mark at the $22.00 level, thus a clear buy signal and a good opportunity for the long investors.

Key Levels:
Resistance Levels: $18.00, $19.00, $20.00
Support Levels: $13.00, $12.00, $11.00

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

The Hyperliquid price suggests a good buy at its recent price of $16.80 in its higher time frame. The coin price trades above the moving averages, indicating the pair is bullish.
The coin market appears attractive to buyers at its recent high due to the bulls’ persistent order flow to the $17.05 supply in the last session.

Today’s 4-hour bullish candle at the $16.80 high mark above the EMA-50 confirms buyers’ dominance in the HYPEUSD market.

However, a potential breakout from the current trend line above the $20.98 all-time high barrier will bolster the Hyperliquid long investors to drive the crypto’s price to the upper resistance zone.

Further, the HYPEUSD price indicates an upward momentum on the daily signal, indicating that the pair will continue to increase to the upsides and this may get to the $22.00 upper resistance trend mark soon in its long-term outlook.

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

The coin is also displaying a bullish posture in its medium-term outlook, due to the high inflow from the long traders.
The increase in the momentum by the bulls at the $16.05 supply value in the last session has enabled the Hyperliquid price to stay strong above the resistance lines in its recent high.

The market price of HYPEUSD at a $16.80 high level above the EMA-50 as the 1-hourly chart opens today affirms the presence of more buyers in the market and also suggests a buy trade for crypto investors.

Hence, an upside breakout above the $17.26 mark with a 1-hourly candle closing will offer buyers a solid foothold to push the Hyperliquid price higher.

Additionally, the coin is pointing up at around the level 69% range of the daily stochastic; implying that the bulls may continue to dictate market direction.

In light of this, the post-correction rally could drive the HYPEUSD pair to an initial target of $22.00 upper high level soon. Hence, buyers may take a position as desired.

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