Hyperliquid Coin shows Resilience amid Market Correction
Hyperliquid coin (HYPE) has demonstrated remarkable strength during the recent market downturn. It has held steady above a crucial support level at $29.20. this resilience suggests a potential move towards new highs above $39.
While the broader market has seen a period of consolidation, Hyperliquid coin has stood out.The $29.20 support zone is important. It aligns with key technical levels like the 0.618 Fibonacci retracement and the anchored VWAP. These factors create a robust demand zone.
- $29.20 Support Zone: A confluence of technical indicators.
- 34% Breakout Potential: A move to $39.10 is absolutely possible.
- Volume Spike: Confirms the breakout’s validity.
As its recent low, Hyperliquid coin has shown a bullish pattern. It has created higher highs and higher lows. The latest price action retested the $29.20 level, confirming the breakout. This is a classic technical retest, showing strong demand.
Hyperliquid coin’s outperformance during corrections is a bullish sign. If it holds above $29.20 with consistent volume,a move to $39 is likely. This represents a 34% increase from current levels. The technical setup is strong, and momentum seems ready to continue upward.
For the price to keep rising, it must stay above $29.20. If it does, expect a move towards $39. If it fails, a re-evaluation is needed. For now, the technicals favor an upward trend. Keep an eye on volume to gauge the trend’s strength.
