#Hyperliquid ๐ HYPE BEGINS TO RISE โ WHAT'S NEXT?
HYPE/USDT is showing signs of recovery again after previously dropping to the $86.54 area.
Currently, the price is around $88.42 and starting to form a rebound. RSI is around 59, indicating bullish momentum is returning, but it has not yet entered the overbought zone.
๐ What Iโm noticing:
โข Key support: $86.50โ$87.50
โข Initial resistance area: $88.70โ$90.00
โข If it successfully breaks out and holds above $90, the next focus could return to the $92โ$98 area.
Fundamentally, Hyperliquid is also still drawing significant attention. Buyback/burn activity for HYPE continues, while the Hyperliquid ecosystem keeps growing.
๐ฅ Bullish scenario
As long as HYPE can maintain the $86โ$87 area and then break through the $90 resistance, the rebound structure could continue.
Personally, Iโll focus more on candle confirmationโnot just chasing green candles.
โ ๏ธ Notes for Futures traders: Donโt jump into FOMO when the price pumps. Wait for breakout confirmation or a retest. High leverage can turn small moves against you into big losses.
HYPE has the potential to keep rising, but no price can be guaranteed to keep going up. Keep using SL and manage your risk.
๐ฅ Keep an eye on HYPE. If $90 is successfully reclaimed, will we see HYPE move toward $95โ$98?
#hype