Price Prediction of Hyperliquid
Hyperliquid (HYPE) bounced off the support line of the ascending channel pattern on Friday, indicating buying on dips.
$HYPE
Daily candlestick chart of the HYPE/USDT pair. Source: Cointelegraph/TradingView
There is resistance at the 20-day SMA ($45.06), but if the bulls surpass it, the HYPE/USDT pair could rise to $48 and subsequently to $50. Sellers are expected to strongly defend the $50 level.
On the contrary, if the price drops from the 20-day SMA, the bears will attempt to drag the pair below the support line. If they succeed, the pair could initiate a deeper correction towards $36 and then to $32.
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