Hyperliquid (HYPE) Price Prediction for May 23: Bulls Aim to Sustain Momentum Above $30

Hyperliquid (HYPE) price rallied over 17% in two days before facing resistance at $31.91. Momentum indicators such as RSI and MACD suggest cooling off after short-term overbought signals. A sustained move above $31 could open doors to $33.80, while key support sits near $28.50. After a spectacular rally earlier this week, the Hyperliquid (HYPE) price today is trading near $30.95, marginally down from its recent high of $31.91. The sharp breakout from the $27–$28 accumulation range has drawn attention to the token’s short-term trajectory, particularly as technical indicators begin flashing early signs of exhaustion. Despite this mild pullback, the broader structure remains tilted in favor of the bulls, with key support levels aligning at recent breakout zones. Investors are now watching whether the rally has more steam or if profit-taking will trigger a sharper retracement. What’s Happening With Hyperliquid (HYPE)’s Price? HYPEUSD price dynamics (Source: TradingView) The current Hyperliquid (HYPE) price action reflects a strong breakout from consolidation supported by surging demand. On the 4-hour chart, HYPE exploded above its Bollinger Band m… The post Hyperliquid (HYPE) Price Prediction for May 23: Bulls Aim to Sustain Momentum Above $30 appeared first on Coin Edition .

Source: Coin Edition