#hype #Hyperliquid #Hyperchain #Hyperlane #Bitcoin2025
Hyperliquid moves into untested waters
Hyperliquid trades at $39.80 with a 1.70% leap on Monday, printing a new all-time high at press time. The 12% jump on Sunday forms a bullish engulfing candle, breaking the 1.272 Fibonacci level, retraced over the 70% crash from $32.12 on December 21 to $10.26 on April 5.
As the HYPE rally enters a price-discovery mode, the momentum indicators overheat. The Relative Strength Index (RSI) at 86 scales higher in the overbought zone, posing risks of trend reversal. The Moving Average Convergence/Divergence (MACD) at 4.32 with its signal line at 3.17 shows a positive trend at play, supporting upside chances. $IMX
