HYPE Price Prediction: Is Hyperliquid Set for a Parabolic Price Rally?
The Hyperliquid price pumped 14% in the last 24 hours to trade at $27.00 on trading volume that skyrocketed 2% to $348 million.
The HYPE/USDT chart analysis on Daily timeframe reveals a notable upward trend, supported by bullish price action and strengthening technical indicators.
The HYPE daily chart shows a strong bullish rally, with consistent green candles over the last two weeks. The price surged from approximately $10 to $26.73, reflecting over 160% gains.
Bullish Trends Supporting Price Surge
1. Strong Upward Momentum:
The chart shows minimal red candles, signaling dominance by buyers. Bullish sentiment remains firm, with the price consistently forming higher highs and higher lows.
2. Volume Confirmation:
The steady rise in price suggests increasing buying volume, likely from both retail traders and institutional investors capitalizing on this breakout.
3. Next Resistance Level:
If the current trend continues, HYPE could test the psychological resistance level at $30. A successful breakout above $30 may pave the way for a further rise towards the $35–$40 range.
4. RSI Indicator:
The RSI is hovering near the overbought zone, indicating strong buying pressure. However, traders must remain cautious of potential pullbacks or profit-taking.
Hyperliquid Price Prediciton
– Short-Term Target: $30–$35.
– If Momentum Sustains: A move towards $40 is possible.
– Key Support: The $20 level will serve as a critical support zone in case of corrections.
What’s Next For HYPE?
In the past 13 days on the daily chart, 9 green candles have formed compared to just 4 red ones, indicating solid bullish momentum and dominance by buyers. If this trend continues, HYPE could potentially surge to the $50–$100 range soon.
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