- Hyperliquid (HYPE) surged nearly 430% since April and currently trades below the $46–$50 key resistance zone.
- The golden range support from $40.20 to $41.50 indicates possible bullish divergence with RSI higher lows.
- Breaking $45.70 and $48.60 resistance may propel $HYPE toward $50; failure risks a dip near $39.20.
Hyperliquid (HYPE) surged by nearly 430% since the low in April, signaling strong momentum. The token currently trades below a significant resistance area in the $46 to $50 range. Despite the strain, it remains stable above its key uptrend support line.
The uptrend remains intact as $HYPE presses against a critical psychological barrier. The consistent climb shows strong investor confidence. If the price succeeds in breaking that level, it can trigger a fresh rally. Such a breakout could propel HYPE to new, unseen price areas.
Also Read: Could Hyperliquid Flip Tron?
HYPE’s recent consolidation above support strengthens the bullish case. A breakout could send it past its previous peak. Volume is growing, and that indicates growing demand. Traders are now looking for a decisive directional move, one that can see the trend transition to a more long-term bull phase.
HYPE Tests Golden Range Support Zone
HYPE crypto analyst Borz points out the retracement of HYPE to a golden zone between $40.20 and $41.50. The Fibonacci zone always presents strong support. Meanwhile, price stays sideways and RSI builds higher lows.
If the divergence confirms and the golden pocket holds, targets include $45.80 and $50. Both are key resistance zones. However, if support fails, HYPE could dip toward $37.20–$38.00, where the 100 EMA provides a safety net. The range is now a critical battleground.
Khan’s chart points to a zone of reaction between $41.00 and $41.80. This green demand zone has consistently held up strong. Price is trading just above it. From this point, HYPE might jump to $45.70 or clean up the lows and then rocket up. These two routes are still feasible in the near term.
Can HYPE Hit $50 Before Month-End?
If bulls protect the demand zone, the next resistance lies at $45.70 and $48.60. These are areas where HYPE was previously rejected. If they are broken, $50 might be seen soon thereafter. But in case $41 fails, focus comes back to $39.20 as the next major support zone.
HHYPE’s bullish setup is undeniable. Buyback mechanics, deflationary tokenomics, and healthy retracements validate the trend. An unseen divergence and healthy demand zone give credence. The technical structure indicates yet another significant leg up if bulls remain in command this week.
If hyperliquid reclaims $45.70, a rally to $48.60 or $50 is possible. If strength weakens and support fails, HYPE can swing through $39. Short-term volatility will decide whether bulls retain momentum or if sellers regain control.
Also Read: Hyperliquid (HYPE) Gears Up for $70 Move as Market Momentum Accelerates
