Hyperliquid demonstrates a resilient bullish structure, gaining momentum for a potential breakout towards new all-time highs.
Current Market Structure of Hyperliquid
Hyperliquid maintains a bullish trend, showing a consistent price growth with higher highs and lows. Recently, the price approached its all-time high of $49.86 and now sits above a critical support zone that could fuel the next leg higher.
Key Technical Points
Key technical points include:
- **Major Support at $42.24:** Former level now flipped to support. - **All-Time High at $49.86:** Key resistance level to overcome for further growth. - **Bullish Volume:** Sustained demand inflows at these levels.
Price Movement Prospects
If the $42.24 support holds, Hyperliquid is well-positioned to test and potentially break its all-time high of $49.86. A confirmed breakout with volume expansion could trigger an accelerated rally into new territories.
Hyperliquid shows strong support above the $42.24 level and high potential for further upward movement towards its all-time high. Monitoring volume behavior during potential breakouts will be crucial.
