Hyperliquid (HYPEUSDT) Price Retracement May Surge Higher

Hyperliquid Price Forecast: December 25

The Hyperliquid (HYPEUSD) price is trending again. The crypto is facing a new correction to resume its upward rally, andattempt. Amid the selling pressure, the coin broke out from $24.41. Thus, if the coin price sustains above the $51.00 high level, the potential rally could propel the crypto price towards the $59.00 upper resistance level and beyond, signaling significant gains as the bull trend resumes.

Key Levels:
Resistance Levels: $45.00, $46.00, $47.00
Support Levels:     $32.00, $31.00, $30.00

HYPEUSDT Long-term Trend: Bearish (Daily chart)

The HYPEUSDT pair is showing a downward trend over the long term outlook.

The price bars are visible beneath the moving averages due to a large influx of sellers.

However, there is about to be a turnaround for buy traders as the new correction is noticed at the support region.

The coin price has been below the supply trend levels since its most recent low due to the persistent bearish pressure over the last few days.

As the daily chart begins today, the Hyperliquid price recovered from the $23.67 support level and surged to the $24.41 supply level below EMA-50, suggesting a real reversal that might try to reach the critical supply breakout of $51.00.

Notably, the daily stochastic indicates an uptrend. In light of this, a bullish impact towards the higher side is imminent.

In this case, the price of HYPEUSDT might continue its bullish trend pattern, and the price could grow to reach the $59.00 supply mark in the days ahead, according to the higher time frame.

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

The HYPEUSDT pair is trying to resist sellers as it begin new correction anticipating further growth and remains close to the resistance on the medium-term outlook. The coin is trading below the EMA-50, indicating a bearish trend.
The price action at the $23.82 level in the past few hours has contributed to the bearishness in its recent correction.

Today, the HYPEUSDT price is rising again on the 4-hourly chart with a bullish candle at a $24.41 high mark below the moving average as the bulls brace up for a major uptrend.

Thus, if buyers change their orientation and speed up their buying actions, the token price may give a bullish breakout, reaching a prior high at $36.16 before a range breakdown.

Next, the cryptocurrency is in an upward direction on the daily stochastic.

Therefore, if additional selling power is prevented, a post-retest rally may drive the prices high to hit the $45.00 resistance value soon in its medium-term time frame.

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