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The Hyperliquid price pumped 12% in the last 24 hours to trade at $15.16 as of 1:05 a.m. EST on trading volume that plunged 32% to $165 million.
Hyperliquid Price On A Recovery
The HYPE price has recently staged a notable rebound after a multi-week downtrend.
Tradingview data shows that the Hyperliquid price has climbed from a local bottom near $11.00 to the current level of $15.16, marking a nearly 40% recovery in the last week.
This bounce has pushed HYPE back to test the 0.786 Fibonacci retracement level at $15.426, which now acts as a key resistance zone.
The trend leading up to this move was decisively bearish, with a persistent downtrend since February.
However, the current structure resembles a classic retracement within a bear market unless this rally breaks through multiple retracement levels.
The price of Hyperliquid is approaching the 50-day Simple Moving Average (SMA) at $15.49, which adds further resistance confluence just above current price levels.
Meanwhile, the Relative Strength Index (RSI) has turned bullish, currently reading 55.96 and rising. This indicates strengthening momentum and marks the first clear break above the neutral 50 level since the March sell-off.
HYPE Price Prediction
Given the current technical setup, the Hyperliquid price is in a cautiously bullish phase, hinging on its ability to break through immediate resistance.
In the short term, if the HYPE price can decisively close above the $15.50–$15.80 resistance band (confluence of the 0.786 Fib and 50-day SMA), there is potential for a continued move toward $19.80 (0.618 level), and possibly $22.85 (0.5 level) if bullish momentum builds.
However, failure to break through the current resistance could result in a rejection and pullback to retest the $13.00–$12.00 zone. A fall below $12.00 would likely invalidate the bullish structure and signal the resumption of the downtrend.
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Among the many features of Best Wallet, one is gaining outsized interest from investors. That is its “Upcoming Tokens” section, which helps users discover promising projects that are still in the early stages.
The project’s success in identifying promising cryptos is already well established. It flagged the Pepe Unchained (PEPU) and Catslap (SLAP), meme coins that delivered 500% and 3,000% gains, respectively, for early investors.
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To secure the best deal, buy now before a scheduled presale price hike in around 12 hours.
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