Hyperliquid Rebounds to Target Daily Fair Value Gap

HYPE/USDT Price Analysis – September 29

Hyperliquid experienced a significant and sharp pullback, resulting in a large bearish Imbalance on the Daily chart. Price has now rebounded and is actively trading into this FVG, aiming to fill the inefficiency created by the aggressive drop. Key Resistance levels for this FVG-filling move are $50.979 and $59.570. Key Support rests at $46.314 and major structural support is at $39.957.

HYPE/USDT Key Levels

Support Levels: $60.000, $55.000
Resistance Levels: $18.700 $47.000

HYPE/USDT Long-Term Trend: Bullish (Daily Chart)

The MACD is currently bearish but its momentum is slowing, suggesting the immediate decline is exhausted. The market structure is attempting a reversal. The current price for Hyperliquid is $47.218. Control is Neutral short-term as buyers successfully defended support, but sellers hold the longer-term structural advantage.

The highly probable bullish path is a continuation of the FVG-filling trade, which targets a complete retrace to the $50.979 resistance level. This scenario is strongly supported by the RSI (50.42) crossing back above the critical 50 midline. The bearish path would resume if buyers fail to maintain price above the $46.314 support, which would likely signal a push toward the structural low at $39.957 to clear deeper liquidity. Traders will use the $46.314 level as the pivot for confirming the FVG fill.

HYPE/USDT Short-Term Trend: Bullish (4-Hour Chart)

The 4-Hour chart confirms a powerful rebound with a strong bullish candle structure. The rapid advance has left a smaller Bullish FVG below current price, which typically acts as a target for short-term retracements before continuation. The MACD is expanding bullishly, indicating robust short-term strength. The likely scenario is a continuation toward the $50.979 Daily FVG target. Any shallow pullback to the $46.314 level will likely be viewed as an opportunity to join the move to fill the larger daily Imbalance.

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