Hyperliquid (HYPEUSDT) Price Movement
#### Technical Analysis
1. **Trendline and Breakout:**
- A descending trendline is visible, connecting lower highs from the recent peak around $42,854. The price has recently broken above this trendline, suggesting a potential bullish reversal or continuation.
- The breakout is supported by a strong green candle, indicating buying pressure.
2. **Support and Resistance:**
- The support zone at $32,129 - $34,929 has held firm, acting as a base for the recent upward movement. This zone could serve as a fallback if the price retraces.
- Resistance is evident near $42,854, where the price previously struggled to break through, suggesting a potential ceiling unless significant volume pushes it higher.
3. **Volume and Momentum:**
- The green candle breaking the trendline indicates increasing momentum, but the volume bars (not fully visible) would need to confirm sustained buying interest.
- The slight price increase (+0.85%) suggests cautious optimism rather than a strong bullish surge.
