Hyperliquid (HYPEUSDT) Builds Up Bullish Momentum at $34.78 Level

Hyperliquid Price Forecast: December 4

Today, Hyperliquid (HYPEUSD) has experienced a market correction. The cryptocurrency is now building up bullish momentum amidst shifting market dynamics. The coin might continue soaring and remain in that direction if the bulls can add more buying power and the price closes above the $41.41 supply level. Consequently, the price of the coin may rise to an upper resistance level of $43.00 and above, indicating a possible positive trend for the asset.

Key Levels:
Resistance Levels: $38.00, $39.00, $40.00
Support Levels:    $29.00, $28.00, $27.00

HYPEUSDT Long-term Trend: Bullish (Daily Chart)

The Hyperliquid pair has recently experienced a market correction but remains positive in its long-term outlook.

The price currently trades above the EMA-50 and moves towards the overhead region, suggesting bullish momentum.

The cryptocurrency has remained positive lately due to persistent bullish pressure at $34.36 supply level in the last session.

At the time of writing, the buy traders made a surge to $34.78 above the moving average as the 4-hourly chart opens, indicating an intraday growth and additional gains for purchasers.

It’s worth noting that the upward trajectory could face another hurdle around the next resistance level at $41.41 if additional selling pressure is restricted.

Additionally, the HYPERUSDT market suggests an uptrend continuation on the daily stochastic.

Given this, buyers are to push the token price to a significant level, and in this case, the target might be the $45.00 upper resistance level in the days ahead, indicating a potential bullish sentiment in its higher time frame.

HYPEUSDT Medium-term Trend: Bullish (4H chart)

From a medium-term perspective, the HYPEUSDT market is exhibiting a favorable bullish impact. Right now, the bulls have the entire market at their disposal.
The bulls’ earlier activity on the coin at the $32.99 supply level has enabled the price to maintain growth at its recent correction.

The bulls launched an aggressive advance to $34.78 barrier level above the EMA-50 shortly after the 1-hourly chart opened today.

The surge demonstrates increased confidence among significant holders, indicating a probable optimistic mood in the Hyperliquid market.

Meanwhile, if a surge in buyers’ interest occurs, the coin price might surpass the $36.21 resistance level, signaling a future for the token.

Hence, the daily indication predicts an uptrend. Therefore, the $43.00 upper resistance level may be hit in the days ahead in its medium-term time frame if the bulls can increase the intensity of their market activity.

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