Hyperliquid ($HYPE )
HYPE may establish a new historical maximum if it holds above the support level of $46.94. Currently, HYPE is trading at $46.89, just 6% below its historical maximum of $49.87, reached last week. The Ichimoku cloud below the candles indicates a strengthening bullish trend, increasing the likelihood of a bullish breakout at $50.00.
However, if HYPE does not hold at $46.94, the bullish outlook may not materialize. A drop to $42.30 would exacerbate the correction and nullify recent gains. This could decrease investor confidence and signal a potential shift in short-term market sentiment.
