Hyperliquid Tests $37 Again—Can It Smash Records This Week?

Hyperliquid’s price action is flirting with the $37 level—a make-or-break moment for bulls. Traders are watching to see if this retest sparks a rally or just another fakeout in crypto’s endless drama.

All eyes on ATH potential: With momentum building, HYPE could either print new highs or become another ’should’ve taken profits’ cautionary tale. The usual suspects—whale accumulation, leverage flushes, and Twitter hype—are all in play.

Meanwhile, traditional finance bros still think ’ATH’ refers to an athletic brand. Your move, HYPE.

The Relative Strength Index (RSI) is currently at 68.91, slightly below the overbought range of 70. The asset is showing strong momentum and may breach the overbought range soon. This suggests bullish momentum might be re-building and the price may continue its positive action.

However, the volume bars are currently in a consolidated phase. This pattern suggests that Hyperliquid is experiencing a cool-off period as momentum is slowing without increased selling pressure. This trend also hints at increasing risk of a false breakout or short-term reversal.

Will HYPE Price Hit $50?

The immediate target level for Hyperliquid Price is $39.930. If the bullish sentiment sustains at that point, the value of this altcoin could possibly breach the $40 mark and head toward the $42 range.

For it to achieve the $50 mark, HYPE price will require a jump of 32.80% from its current trading value of $37.65. Considering the market sentiments, this price target seems tough.

Coming to the negative end, the HYPE crypto has key support levels of $35.300 and $32.950. However, if the liquidation in the market increases, it may face a setback toward its $30.700 mark within a short period.

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