Hyperliquid demonstrates a stable bullish momentum, having reached an all-time high. Current trends indicate a potential rise to the $50 level.
Current Situation Analysis
Hyperliquid has maintained an exceptionally clean uptrend since establishing a macro swing low. Price action remains impulsive, forming consecutive higher highs and higher lows on all timeframes.
Key Technical Points
According to the current situation, the $34 support level, which previously acted as resistance, is now confirmed as support with multiple counter-closes above this level. The 20-day moving average also serves as dynamic support, confirming the bullish trend.
Prospects for Further Growth
Hyperliquid remains technically strong. If the price continues to trade above the $34 support level and confirms closes above the all-time high, the likelihood of reaching the $50 target increases. The current rally appears robust as long as market structure remains unchanged.
Given the current technical indicators, Hyperliquid is poised to continue its upward trajectory. Investors should closely monitor the $34 support level and market actions to establish future targets.
