Hyperliquid Tests Key Support as Traders Watch for Breakout

[kevin1]

Hyperliquid (HYPE) has pulled back toward its key moving averages, a level traders consider critical support for the short-term trend. The price correction comes after a recent rally, with market participants closely watching whether buyers step in to defend the zone.

If HYPE rebounds strongly from the moving averages, bulls could attempt another push toward the $36.77 resistance level. A decisive close above that mark would signal the start of a new upward move. However, if the support breaks, the HYPE/USDT pair may continue trading sideways within the broader $20.82–$36.77 range for the near future.

[etfs]

HYPE at key moving averages… feels like waiting for a bus that may or may not show up