Hyperliquid Price Prediction: HYPE Aims for $38, But Keep an Eye on This Golden Pocket

Hyperliquid (HYPE) has shown strong bullish performance in recent trading days. After dipping to $25.63 on February 23, the DEX token has recovered by 19.73%. Market fundamentals remain strong, and traders are optimistic about HYPE's price trajectory moving forward. However, it's crucial to monitor certain price levels closely.

Key Takeaways

HYPE has risen by 19.73% since its low of $25.63.
Key support levels lie at $23.4 and $20; falling below these could signal caution.
The bullish short-term trend is indicated on the price charts, especially within the Fibonacci golden pocket range of $27.27 to $28.17.
A decline below $26.1 would negate the bullish outlook.
Upcoming price targets for HYPE are set at $38 and $42.

hyperliquid hype

Analyzing HYPE’s Short-Term Price Trends

Hyperliquid 1-day Chart Source: HYPE/USDT on TradingView

The daily chart for HYPE reflects a bullish swing structure that began at the end of January. After a retracement to the 61.8% Fibonacci level, the price action signaled a potential internal structure break. While this supports a bullish sentiment, some daily indicators show a neutral or slightly bearish stance.

The Chaikin Money Flow (CMF) stands at zero, and the Accumulation/Distribution (A/D) line hasn’t reached new highs, indicating a current lack of buying momentum. Additionally, the Awesome Oscillator is below zero. Nevertheless, traders should keep in mind that price movements typically lead, while indicators may lag behind.

Call to Action for Traders – Consider Buying!

Hyperliquid 1-hour Chart Source: HYPE/USDT on TradingView

While immediate action might not be warranted, the hourly chart shows a bullish swing structure, despite prices retracting from recent highs around $31.

A critical area, termed the "golden pocket," lies between $27.27 and $28.17, identified through lower timeframe swings. If the price retests this zone, it would provide a favorable buying opportunity. For the next week, a retracement into this Fibonacci range paired with a bullish response is anticipated for HYPE. Conversely, if prices sink below $26.1, this would invalidate the optimistic short-term projection.

Final Summary

Disclaimer: The information shared in this article does not serve as financial, investment, trading, or other forms of advice, and reflects only the author’s opinions.