#HYPE 🚀🚀🔥

Hyperliquid price prediction

Buyers pushed Hyperliquid (HYPE) above the $35.73 overhead resistance on June 2, indicating solid buying on dips.

HYPE/USDT daily chart. Source: Cointelegraph/TradingView

Sellers tried to pull the price back below $35.73 on June 3, but the bulls held their ground. Buyers will try to push the price above $40, challenging the stiff overhead resistance at $42.50. If the $42.50 level is scaled, the HYPE/USDT pair could soar to $50.

The 20-day EMA ($32.33) is the crucial support to watch out for on the downside. A break and close below the 20-day EMA will be the first sign of profit-booking by the short-term buyers. The pair could slide to $30.59 and then to $28.50.