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Buyers have managed to keep Hyperliquid (HYPE) above the 20-day EMA ($38.41) for the past few days, indicating demand at lower levels.
However, a negative sign is that the bulls have failed to drive the price above the near-term resistance of $41.23. If the price turns up from the current level or the 20-day EMA and breaks above $41.23, it signals that the bulls are back in the driver’s seat. The HYPE/USDT pair could surge to the $42.50 to $45.80 resistance zone.
The first sign of weakness on the downside will be a break and close below the 50-day SMA ($36.60). That opens the doors for a fall to $33.25 and later to $30.69
