Hyperliquid Price Forecast: HYPE bulls target record high at $46
Hyperliquid price reached a new all-time high of $44.08 on Wednesday and declined slightly the following day. However, HYPE price retested and found support around the daily level of $39.11 on Saturday and rose slightly the next day. At the time of writing on Monday, it continues to trade higher by 5% and heads toward its ATH of $44.08.
If HYPE continues its upward trend, it could extend the rally to set a new ATH of $46.35, the 141.40% Fibonacci extension drawn from the December high of $35.51 to the April low of $9.32.
The Relative Strength Index (RSI) reads 68, which is above its neutral level of 50 but below its overbought level of 70, indicating strong bullish momentum. The Moving Average Convergence Divergence (MACD) indicator also displayed a bullish crossover last week , giving buy signals and suggesting a continuation of an upward trend.
In case of a correction, HYPE could decline to find support around its daily level of $39.11.