Hyperliquid (HYPEUSDT) Price Signals Possible Breakout

Hyperliquid Price Forecast: December 11

Hyperliquid (HYPEUSDT) price signals a possible breakout as it gathers momentum to resume its bullish rally. The coin is attempting the next upward rally, moving towards the resistance trend level. Hence, if the new bullish correction persists, the coin price may surge to retest the $57.98 peak barrier level and aim for the $59.00 upper resistance target, indicating a rising bullish momentum.

Key Levels:
Resistance Levels: $48.00, $49.00, $50.00
Support Levels:    $37.00, $36.00, $35.00

HYPEUSDT Long-term Trend: Bearish (Daily chart)

On the higher time frame, the Hyperliquid pair is gathering momentum to revive the bullish correction pattern. The price is down, below the EMA-50, suggesting a bearish market.
Last session’s persistent bearish pressure around the $27.44 support level caused the coin price to fall below supply levels at its recent price level.

As the daily session begins today, the price of HYPEUSDT is accumulating bounces at a resistance level of $29.89 below the moving average, suggesting buyers are making a recovery attempt to command the price actions.

Consequently, a significant push by long traders from the present high, with a daily candle closing above the prior top barrier of $57.98, may indicate a change in the dynamics of the market.

In addition, the daily stochastic indicates an uptrend. In this case, the Hyperliquid price might continue its bullish trend to reach the $59.00 upper resistance in the days ahead as it continues the upward voyage in its long-term forecast.

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

The HYPEUSDT market is also in a bearish trend and is anticipating a bullish opportunity in the near future. A negative trend is indicated by the price being below the resistance level.
The price has fallen below the supply trend lines at its recent price level due to pressure at the $27.53 support level during the last session.

As the 4-hourly session begins today, the Hyperliquid value rises to a $29.92 high level below the moving averages, signaling the return of the bulls and enhanced bullish market sentiment.

As a result, completing the four-hour session above the $41.41 supply level will boost investor confidence in the asset and shift the trade towards purchasing.

However, the Hyperliquid market remains upward on the daily stochastic, indicating that the coin price awaits a bullish opportunity as selling pressure has ended, and the emergence of more buyers is crucial.

As a result, the post-rally breakout may reach the $50.00 upper supply level in the coming days.

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