Hyperliquid (HYPEUSDT) Price Projecting an Uptrend
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Hyperliquid (HYPEUSDT) Price Projecting an Uptrend

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Azeez Mustapha

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Hyperliquid Price Forecast: January 13

Today, the Hyperliquid (HYPEUSDT) pair is projecting an uptrend as it rebounds and faces the resistance level, making a recovery attempt and reflecting renewed confidence among investors.
The coin price may be prepared to rebalance and hold an upward position now that the selling pressure has subsided. A further bullish breakout from the $23.79 level will quicken the new bullish correction phase if the bulls regroup and push higher. Therefore, the goal may be the previous resistance level of $28.37 and above, indicating the possibility of significant gains as the bull trend gains momentum.

Key Levels:
Resistance Levels: $27.00, $28.00, $29.00
Support Levels:     $23.00, $22.00, $21.00

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

Following the downturn, the HYPEUSDT market is expected to experience an upward trajectory.

Hyperliquid (HYPEUSDT) Price Projecting an Uptrend

The pair indicates a possible breakout in its higher time frame and is prepared for the full bull wave.

The coin price has fallen below the supply trend lines due to pressure to a low of $24.24 in the last session, which appears the bulls are ready for the next bull trend and will drive upward.

As it recovered from the aforementioned support to a $23.79 supply value below the EMA-50 on the 4-hourly chart today, the price of Hyperliquid projected an uptrend, indicating that the token is prepared for the next bull trend.

Therefore, if the bulls can increase the pressure on their buying forces, a real breakout that attempts the previous high level of $28.37 is possible.

Meanwhile, if the bulls prove harder and increase their buying pressure, the price of HYPEUSDT may rise further to hit the $30.00 upper resistance level, indicating a solid supply zone for a possible BUY in its higher time frame.

HYPEUSDT Short-term Trend: Bearish (1H chart)

The momentum on the short-term outlook appears bearish but is starting to turn bullish, as seen from the chart below.
Hyperliquid (HYPEUSDT) Price Projecting an Uptrend The price of Hyperliquid is currently making its way up for a potential recovery close to the EMA-50. So it seems the bulls are about to take over and push us higher.

Despite the interactions from the short traders, the HYPERUSDT pair is projecting an uptrend as it pulled back to a $23.73 resistance level below the EMA-50 shortly after the 1-hourly chart opened today.

To push the market above the present price and reach a peak resistance level of $27.51, buyers must increase the pressure they apply to their actions.

Meanwhile, the daily stochastic is showing an upward trend and possible recovery for the Hyperliquid.

As a result, long traders may drive the price of cryptocurrency to an upper high level of $30.00 in the coming days as the coin projects an uptrend and moves up for a possible recovery in its lower time frame.

The appearance of Hyperliquid has changed significantly in the past year. Only a few early adopters were building solely on Hyperliquid at this time last year, and the HyperEVM had not even been introduced. Currently, hundreds of teams are forming, and numerous regional.

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