Hyperliquid (HYPEUSD) Upward Trend Remains Dominant

Hyperliquid Price Forecast: June 17

The upward trend remains dominant in the Hyperliquid pair today as it continues an impressive move within an ascending channel. The coin has seen a significant bullish trend in the past few hours. Suppose the crypto price closes above a $42.33 high mark. In that case, the accelerated buying pressure may increase the coin price to the $43.00 upper resistance level as the token price continues to grow in the evolving crypto market.

Key Levels:
Resistance Levels: $40.00, $41.00, $42.00
Support Levels: $17.00, $16.00, $15.00

HYPEUSD Long-term Trend: Bullish (Daily Chart)

Despite the inflows from the sell traders, the Hyperliquid price remains in an uptrend on its higher time frame. The upward trend may continue, but the pair looks bullish here.
The sustained trend by the bulls to a $42.27 high level in the last action has made it easier for the altcoin price to maintain and remain in an uptrend in its recent high.

After overcoming the $40.10 lows of yesterday, the HYPEUSD price pulled back to a $43.13 resistance level above the EMA-50 as the daily chart resumes today, indicating a more bullish impact on the asset. Thus, more upsides are possible as new entries are trading in the coin market.

Therefore, a bullish breakout from the current resistance at $43.13 could trigger the recovery pattern and drive the coin price higher to hit the $42.33 supply value, reflecting growing confidence among investors in an uptrend market.

Additionally, under the influence of this market level, the Hyperliquid price could rise steadily and break the previous high at $42.33 level to reach the $43.00 upper resistance level as the upward trend remains dominant in the long-term perspective.

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

There is a strong buying reaction from Hyperliquid traders as the upward trend remains dominant, resulting in a 5.46% increase in the market value on the medium-term view.
The prices are above the moving averages and have confirmed a bullish momentum, breaking the previous high.

The sustained bullish pressure at a $40.10 level in the previous action has led to the crypto’s recent high.

The HYPEUSD price at the $41.13 resistance mark above the EMA-50 as the 4-hour chart commences suggests an uptrend, strengthening investors’ confidence in altcoin and driving expectations for future gains.

The market is reacting to this pattern, and its breakout should provide a good entry opportunity.

Hence, the investors buying at this supply can expect sustained growth above the $42.73 price level.

Additionally, the price signal is pointing upward, suggesting a positive move. In this scenario, the medium-term view for Hyperliquid suggests that the price may rise and remain in an uptrend, hitting the $43.00 supply mark in its medium-term forecast.

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