- HYPE trades at $44.89, maintaining a 1.8% daily gain while outperforming Bitcoin with a 4.9% rise.
- The $43.49 support level continues to hold, highlighting buyer defense after recent market weakness.
- Price faces resistance at $47.26, with a potential move toward $50 if the level is broken
Hyperliquid (HYPE) is still holding on after a crazy week, closing the day at $44.89, a 1.8% intraday gain. Against Bitcoin, the token is 4.9% higher to 0.0004029 BTC, showing relative strength amidst weak global markets.
The chart indicates that HYPE recently moved above a point of significance, turning it into support at around $43.49, which currently serves as the immediate stop on the current move. Having achieved this level, the focus goes to the subsequent resistance of $47.26, with participants waiting for follow-through possibilities.
The $43.49 level has emerged as a critical support after the latest retracement. Earlier declines tested this zone, but HYPE managed to recover quickly. Maintaining stability here adds weight to the view that buyers are defending this area with notable interest. Furthermore, the 24-hour range reflects controlled volatility, keeping HYPE between $43.49 and $47.26. This setup keeps attention centered on how the token reacts near these bounds in the coming sessions.
HYPE Awaits Breakout as Resistance Caps Upward Momentum
While the token sustains its ground above support, upward progression requires breaking through $47.26, the immediate resistance ceiling. Notably, each prior approach toward this region has stalled, preventing extended moves higher.
A confirmed close above this barrier would open the path to the next psychological marker around $50.00. Traders continue to track whether momentum will be strong enough to lift HYPE beyond this resistance. Until that breakout occurs, the market remains range-bound within the short-term levels.
Market Context and Price Outlook
Despite a deeper pullback earlier this month, HYPE has regained footing alongside broader market stabilization. The chart reflects an improving structure, with the asset gradually building higher lows. If support continues to hold firm, the $50 level becomes increasingly relevant as a potential upside target.
Beyond that, the chart enters open territory, often referred to as price discovery, where no prior resistances exist. However, for this path to remain viable, the token must retain control above $43.49 while attempting repeated challenges of $47.26.
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