While the cryptocurrency market has been fluctuating recently, strong upward movements in the price of Hyperliquid (HYPE) attract the attention of investors. Recent analysis suggests that HYPE is facing significant resistance near $45, and this level could be a turning point in the short term. Market experts state that if the asset exceeds this threshold, a rapid rise towards $ 50 levels is possible.
In graphic analysis, HYPE started to rise again with a rally that started from $ 35, contrary to the expected declines in March. Technical models show that if the price pushes the $45 resistance, the upside could accelerate. According to analyst @Crypto_Scient, a move supported by an increase in trading volume and strong candle closes could push the price to the next level.
On the other hand, it is emphasized that buyers should be careful about upward movements that will occur without additional confirmation signals. In the near term, the $42 to $44 band is among the areas to watch for short-term corrections or profit taking.
“A clear overcoming of the resistance and an increase in trading volume may pave the way for a new upward movement. However, confirmation signals that will show whether the trend is gaining strength will play an important role.”
Additionally, according to CryptoAppsy data, the current price of HYPE is at $44.73 and an increase of 1.17 percent was recorded in the last 24 hours.
Expectations have changed, a new goal has been determined
Following the recent rise of HYPE, there have been significant changes in market expectations. While it was previously stated that some experts expected the price to drop to $20 levels, when this scenario did not materialize, the price rose above $40 in a short time and the psychological limit of $50 stood out as the new target in the medium term.
Updated analysis indicates that a multi-week or monthly sideways trend above $35 could set the stage for a more sustainable uptrend for the rest of the year. Such a process may open the door to longer-term buying trends rather than short-term price movements.
Hyperliquid’s power against Bitcoin draws attention
HYPE’s relative success differentiates it from major assets like Bitcoin. Despite the corrections seen in Bitcoin in recent weeks, HYPE has displayed a steady upward trend on both the four-hour and daily charts. Analysts state that this divergence may be due to capital turning to newer and livelier projects.
The Hyperliquid platform behind the project is attracting more and more attention in the markets, leading to increased interest in the token. Despite macro uncertainty, investors are turning to alternative assets with potential such as HYPE, reflecting the change in expectations.
“Despite the general market weakness, HYPE’s preservation of its technical structure indicates that the underlying demand continues. The shift of investor interest beyond the major market players stands out as an important indicator.”
HYPE maintained its strong trend in the market by testing the $45 resistance with its rise starting from $35.5.
As a result, if HYPE maintains persistence above $45 in the short term, technically targets of $50 and above may come to the fore. However, in case of a possible withdrawal, a consolidation period above $ 35 could also mean a strong base. Maintaining support in this process seems to be decisive for the continuation of the current upward trend.
