Hyperliquid (HYPEUSDT) Suggests Price Breakout at $32.20 High Value
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Hyperliquid (HYPEUSDT) Suggests Price Breakout at $32.20 High Value

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Azeez Mustapha

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Hyperliquid Price Forecast: February 10

The Hyperliquid (HYPEUSDT) pair suggests a possible price breakout at the current supply value of $32.20, as it gathers momentum approaching the resistance level. However, the coin market price may continue its bullish rally to the resistance if the bulls increase their buying activity. Thus, if the 4-hourly candlestick closes above the $36.21 supply mark, the correction phase may surge and extend to meet the upper resistance at the $38.01, indicating a rising bullish momentum.

Key Levels:
Resistance Levels: $35.00, $36.00, $37.00
Support Levels:    $22.00, $21.00, $20.00

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

On the higher time frame, the Hyperliquid pair is gathering momentum and about to break out of the current bullish correction pattern.
Hyperliquid (HYPEUSDT) Suggests Price Breakout at .20 High Value The coin is trading below the EMA line, indicating a bearish trend. However, the market is presently facing resistance at the recent high.

In the previous session, the price closed at the $31.10 support level, which contributed to the crypto price drop below the supply level.

At the time of writing, the HYPEUSDT price is at a $32.20 high level below the EMA-50, as the 4-hourly session begins today, suggesting renewed buying momentum.

Thus, if the sell traders reduce their tension in the market, the new bullish correction may reach the prior supply barrier at $36.21, providing coin buyers with an excellent entry opportunity and a change in market dynamics.

Notably, the price signal indicates an uptrend, implying a further increase in the token value is likely. Given this, the Hyperliquid market price may surge to a high level of $38.01 in the days ahead on its higher time forecast.

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

Today, the Hyperliquid price pulled back, but the overall trend remains bearish on the short –term chart.
Hyperliquid (HYPEUSDT) Suggests Price Breakout at .20 High Value The price has fallen below the supply trend lines at its recent correction due to pressure at the $31.43 support level during the last session.

HYPEUSDT Price Breakout Is Imminent

A breakout is imminent as the Hyperliquid’s notional volume surpassing that of Coinbase illustrates how, in the current structure of the cryptocurrency business, derivatives and capital efficiency are now more important than brand size. 

The pullback and a breakout at the $32.20 resistance level below the EMA-50 suggest a return of buy traders and increased interest in the asset.

Therefore, if the bulls increase their market forces, the price tendency may surge above the previous peak barrier of $35.99, bringing the crypto market to the next level of greatness.

Additionally, the daily stochastic indicates an uptrend. Hence, if HYPERUSDT buyers break above the previous peak supply line, market participants may witness a new recovery rally to the $38.00 high mark in the days ahead on the lower time frame.

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