Hyperliquid (HYPE/USDT) Slows Down as Momentum Builds Above Key Support Zones

The market for Hyperliquid against the Tether has remained strongly bullish, settling above the ribbon of the Guppy Multiple Moving Averages (GMMA). Though the price recently broke above multiple short-term resistance levels, it is now consolidating near $47, holding above all key support levels.

As it stands, current price action still confirms that bulls are still active. However, the Stochastic RSI appears bent to the south but in the overbought region, reflecting that the price may be experiencing a slight pullback.