Here's a short analysis of Hyperliquid (HYPE):

*Current Price:* $42.81, up 6.99% in the past 24 hours

*Market Performance:* HYPE has been outperforming major crypto assets, showing strong resilience above key support levels

*Technical Analysis:*

- Reclaimed long-term ascending trendline around $40-$41

- Resistance at $48-$52, a range that previously rejected the price

- Bollinger bands preparing for a squeeze, DMI levels heading for a bullish crossover

*Key Levels:*

- Support: $41.74 (50% Fibonacci mark), $40.79 (SMA)

- Resistance: $43.68, $46.07, $49.95

*Sentiment:* Bullish, with 6 indicators signaling a bullish prediction and whale accumulation rising ¹ ² ³.

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