Hyperliquid (HYPEUSDT) Price Could Go Higher

Hyperliquid Price Forecast: December 23

Hyperliquid (HYPEUSDT) price could go higher above the current supply level at $25.66, and it’s likely to grow more if all the support levels hold. The crypto is slightly facing demand from the bulls. If the current support at $23.81 holds, and the daily chart closes above the $59.39 previous high level, the next potential rally could hit the $60.00 upper resistance level and beyond, revitalizing the crypto market.

Key Levels:
Resistance Levels: $48.00, $49.00, $50.00
Support Levels:    $33.00, $32.00, $31.00

HYPEUSDT Long-term Trend: Bearish (Daily Chart)

The market value of HYPEUSDT could rise above the current trend as the bulls claim to be more active now.
The coin price is attempting the next upward rally, targeting the resistance level in its higher time frame. Furthermore, the price is below the EMA-50, indicating a bearish market zone.

The price has fallen below the supply trend lines at $23.81 value in the last session. Hence, it now appears the bulls are about to take control as the new correction resumes.

As the daily chart opens today, the Hyperliquid market experiences a post-rally pullback to the $25.66 high mark near the moving average as it continues its bullish rally, directing the price trajectory towards the resistance level.

Further, if the rebound materializes, the coin price may surge to reach the $57.16 prior resistance, providing the foundation for an upward trajectory.

Notably, the HYPEUSDT price could surge ahead as suggested by the daily signal, pointing upwards.

In light of this, the bulls may drive the coin price to a $60.00 high value in the days ahead, according to the long-term forecast.

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

In the medium term, the Hyperliquid market is facing resistance, and the price could surge if the bulls can add extra effort into their buying actions.
Reactions of short traders at the $23.72 support level during the previous session have contributed to the recent price drop.

Earlier today, the bulls made a successful move to the $25.07 supply, slightly below the moving averages, as the 4-hourly chart resumes.

This is an indication that the Hyperliquid price could rise and will encourage buy traders to invest in the asset, as possible future gains are certain.

The market participants are responding to this pattern, and its breakout could lead the token price to the $36.40 high point, offering a good entry opportunity for buy traders.

Additionally, the currency pair could increase as indicated by the daily stochastic, which remains in an uptrend.

Therefore, if buy traders successfully break the previous peak barrier, the HYPERUSDT price could grow higher to reach the $50.00 upper resistance point, maintaining a further growth potential for the crypto market.

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