Hyperliquid’s native token HYPE price is attracting renewed market attention as its long-term uptrend remains intact following a powerful recovery from early-year lows.
The recent market structure shared by Third Eye shows the asset approaching a decisive technical area near $70, where traders are closely watching whether buyers can maintain control and extend the rally toward higher liquidity targets.
The last movement in the price is the bounce from the significant support area between $20 and $25. This area marked the end of a few losing months and became an important pivot for HYPE price.
From there, the coin has been making higher lows and higher highs, creating an uptrend pattern evident on both the daily and four-hour charts.
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HYPE Holds Firm Inside Rising Channel
The four-hour chart indicates that HYPE price is trading within an upward-sloping channel, which has been dictating the price action for several months.
Having made a breakout from the mid-40s, the demand has continued to push the price higher on dips within the upward trend channel. The lower part of the upward-sloping channel has been providing support during the significant dips.
Source: X
The latest trade has taken the market closer to the previous weekly high at $68 and to slightly below the previous daily high at $70.31. It is one of the most significant levels on the chart. The traders have seen it as the point of confrontation between bulls and bears.
Despite the shift in the market trend and its return to equilibrium, the technical formation remains favorable for buyers. The HYPE price went from the low range to the high range, indicating the presence of demand.
However, the latest rally met resistance at the level of $76 to $77 and formed a low high, which is now used as a target of liquidity.
Source: X
Liquidity Targets Point Toward Higher Levels
Liquidity lies within the $75-$80.09 range, which means it will be our next target if the HYPE price continues to hold above the daily highs and higher lows.
The daily chart depicts an excellent rebound from the January lows, where the breakout above the $50 level has brought us to the $75-$78 zone until profit-taking started.
Key support levels include $65-$66, and $61 and lower channel support. In the bigger picture, the $47-$50 zone is the bottom of the ongoing uptrend, whereas the $40-$43 range is a crucial demand zone.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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