Hyperliquid price prediction

[cryptobro]

Sellers are attempting to stall Hyperliquid’s (HYPE) recovery at the 20-day EMA ($36.54) but the bulls have kept up the pressure.
HYPE/USDT daily chart. Source: Cointelegraph/TradingView

If the price breaks above the 20-day EMA, the HYPE/USDT pair could reach the 50-day SMA ($39.12). The bears are expected to mount a strong defense at the 50-day SMA, but if the bulls prevail, the Hyperliquid price could soar to $44 and then to $51.50.

This bullish view will be invalidated in the near term if the price turns down from the moving averages and breaks below the $29.30 level. That opens the doors for a drop to the Oct. 10 low of $20.82.

[Nahid Hossen]

Hyperliquid’s volume spike hints at strong trader interest.

[Abdul Khan]

Market structure looks bullish as long as support holds.