Hyperliquid ($HYPE )
At the time of writing this analysis, the price of HYPE has risen to $40.6. The altcoin has successfully overcome resistance at the level of $39.9. If HYPE maintains this level, it will be able to continue its growth.
Currently, HYPE is only 13% away from its all-time high of $45.8. The Ichimoku cloud indicates a bullish momentum. The positive forecast suggests that HYPE may soon surpass its previous high.
However, if HYPE does not maintain momentum or faces selling pressure, it risks dropping below $39.9. A decline to the next support level at $36.5 will nullify the bullish scenario and lead to further decline.