📈 Hyperliquid ($HYPE) – Price Analysis
$HYPE is up ~65% this week, showing strong momentum and clearly outperforming many alts. Sentiment is extremely bullish, and the chart structure remains healthy.
🔑 Key Levels
• Resistance: $35–$38
→ A clean break and hold above this zone could open moves toward $45–$50.
• Support: $30–$28
→ This is the key demand zone. As long as price holds above it, the trend stays bullish.
📊 Technical Structure
• Price is well above short-term moving averages, confirming momentum.
• RSI is elevated but not extremely overheated, suggesting room for continuation after consolidation.
• Recent price action suggests bull-flag / continuation setup rather than distribution.
🔥 What’s Driving the Rally
• Strong protocol fee generation and buyback mechanics supporting demand.
• Rising open interest and volume on Hyperliquid.
• Growing ecosystem narrative around HyperEVM and on-chain trading dominance.
⚠️ Risks
• After a fast run, short-term pullbacks are normal.
• Loss of the $28 support would weaken the bullish structure.
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🧭 Bottom Line
As long as $HYPE holds above $28–30, dips are likely to be buy-the-dip opportunities. A breakout above $38 could trigger the next leg higher.
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