Hyperliquid Price Corrects After Hitting New Highs

Hyperliquid/USDT Price Analysis – September 15

Hyperliquid indicates a healthy corrective phase after a powerful breakout and the establishment of new all-time highs. While the short-term trend is bearish, the long-term bullish structure remains firmly intact. The market’s focus now shifts to the critical $50 support level, a potential zone where buyers may look to re-enter and resume the uptrend.

Hyperliquid Key Levels

Support Levels: $50.00, $46.31
Resistance Levels: $57.63

Hyperliquid Long-Term Trend: Bullish (Daily Chart)

Hyperliquid shows a market in a clear and powerful uptrend. The recent explosive breakout above the $50 resistance confirmed the bulls’ dominance, leading to a new peak at $57.63. The price action over the past few days represents a natural and expected pullback as early buyers take profits. This type of correction is often seen as constructive for a sustainable trend.

Currently trading at $52.90, the price is descending towards the previous resistance level of $50.00, which is now expected to act as a major support floor. The underlying strength of the bullish trend is still evident in the indicators. The Momentum indicator remains at a high positive reading of 5.686, and the Money Flow Index (MFI) is strong at 66.18. While both have hooked down slightly to reflect the pullback, their high levels confirm that significant buying pressure and positive momentum are still the dominant long-term forces.

Hyperliquid Short-Term Trend: Corrective (4-Hour Chart)

The 4-hour chart provides a detailed view of the current corrective downtrend. Since peaking, the price, now at $52.84, has been forming a controlled series of lower highs and lower lows. The Momentum indicator, with a negative reading of -1.123, confirms that sellers are in control of the immediate, short-term price action.
However, a key signal is emerging that suggests this pullback may be nearing its conclusion. The Money Flow Index (MFI) has fallen to 23.96, entering the oversold territory (typically below 30).

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