Hyperliaquid (HYPE) rebounded after completing a harmonic pattern at key support, with strong buying interest. The HYPE price reclaimed lost support and moved above key moving averages, signaling improving bullish momentum.
While positioning remains steady, lower trading activity suggests cautious sentiment, leaving continuation dependent on sustained strength.
At the time of writing, HYPE is trading at $60.21 with a 24-hour trading volume of $455.86 million and a market capitalization of $15.26 billion. Following the 1.4% gain over the last 24 hours, the HYPE price structure points to a bullish reversal ahead.
Source: CoinMarketCap
Also Read: Circle USDC Transfer Sends $4B to Coinbase Through HyperEVM Network
HYPE Price Reclaims Support as Bulls Target $66–$74
Furthermore, the crypto analyst Alpha Crypto Signal further highlighted that the HYPE price chart has attracted trader attention after forming a completed ABCD harmonic pattern at a key horizontal support zone.
The HYPE price found stability at the D point, where buyers stepped in strongly. This confluence of pattern completion and support triggered a rebound, signaling potential exhaustion of the prior downside move.
The bounce resulted in the re-entry into the support area that the HYPE price had lost, and it went higher than both the 9 EMA and the 50 SMA.
Typically, this is perceived as an indicator of resurgence in bullish sentiment, with trend strength on a short-term basis getting stronger. The crossover level of the two moving averages works as a dynamic support now.
Source: Alpha Crypto Signal’s X Post
As long as the HYPE price remains above this previously reclaimed area, the scenario is clearly bullish, with upside levels in the range of $66 and even $74.
A breakdown below this support level would destroy the bullish premise and render the whole premise moot. We can now look to see whether momentum builds or consolidates again.
HYPE Derivative Data Point to Cautious Outlook
However, the HYPE open interest remained unchanged at $2.51B, indicating a stable position in derivatives by market participants. There was no significant flow into or out of the contract, indicating a balanced attitude towards the asset and use of leverage.
Source: Coinglass
Volume fell by 33.10% to $1.95 billion, which indicates a drop in trading activity, suggesting that traders have become less involved in the trading process than they were before. Overall, the pace of transactions dropped, suggesting that there is a more cautious attitude toward trading.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read: HYPE Price Analysis: EMA Compression Signals Rally Toward $75 Target
