Hyperliquid (HYPEUSDT) Price Trends above the Resistance Levels
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Hyperliquid (HYPEUSDT) Price Trends above the Resistance Levels

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Azeez Mustapha

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Hyperliquid Price Forecast: January 29

Today, the HYPEUSDT market appears promising as it trends above the resistance levels amid soaring network activity. The entire market is up by 12.72% and headed for higher highs as derivatives traders turn overwhelmingly bullish on the asset. However, this increase projects a possible additional 10% gain. Therefore, if the buying pressure persists, the coin price could surge above the current supply of $34.66 and reach an upper resistance mark of $35.00, resulting in a high-momentum rally and an investment opportunity for interested traders.

Key Levels:
Resistance Levels: $33.00, $34.00, $35.00
Support Levels:    $20.00, $19.00, $18.00

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

The HYPEUSDT pair is gaining traction, rising above the resistance trend levels and reaching a new high, indicating a bullish market trend in its long-term view. However, the market is facing the upper resistance at the recent high.
Hyperliquid (HYPEUSDT) Price Trends above the Resistance Levels The pair was able to hold above the supply levels recently, due to sustained bullish pressure at the $30.96 high value during the last session.

At the time of writing, the current price of Hyperliquid at the $34.66 resistance level above the EMA-50 as the 4-hourly session opens today, signifies an uptrend.

This could potentially propel the coin price above its current price value, providing buyers with a solid entry point.

Hence, the daily indicator predicts an uptrend. Therefore, there is a tendency for the HYPEUSDT price to rise further.

As a result, if the support level at $32.46 holds, buyers may target the $35.00 upper resistance level, bolstering further recovery in its higher time frame.

HYPEUSDT Medium-term Trend: Bullish (1H chart)

The HYPEUSDT pair suggests a bullish continuation as it trends above the resistance in the medium-term outlook.
Hyperliquid (HYPEUSDT) Price Trends above the Resistance Levels The price is progressing towards the upper range, suggesting buyers are gaining more strength in the market.

HYPEUSDT Surges 50% above the Resistance Level

 

As the world’s most liquid platform for cryptocurrency price discovery, Hyperliquid has quietly reached a significant milestone as it surges above the resistance level.

 

The high momentum of the bulls at the $30.48 supply in the last session has enabled the crypto price to swing upward lately.

Today, the Hyperliquid price anticipates an increase as it rises to a $34.66 supply value above the moving average on the 1-hourly chart, encouraging buyers to invest, as possible future gains are likely.

Furthermore, the daily stochastic signals an uptrend. Therefore, an aggressive push from the current price will put the cryptocurrency more in a bullish trend and extend to the $35.00 upper resistance level, leading to a mega price pump as demand continues to soar for the HYPEUSDT platform.

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