Hyperliquid (HYPE) Tests Momentum at Key EMA

[chainsniff]

Hyperliquid (HYPE) showed strong buying interest, with long lower wicks reflecting demand at lower levels.

The price is now approaching the 20-day EMA near $31.9, a critical short-term resistance. A sharp rejection could restart the downtrend, but a clean break above this level may allow a move toward the 50-day SMA near $37, signaling that selling pressure is easing.

[Abdul Khan]

Holding the key EMA could signal continued bullish momentum for HYPE.