HYPERLIQUID PRICE ANALYSIS & PREDICTION (May 26) – Hype Defies Market Odds as it Explodes 50% Weekly Near a Key High

Defying the latest market odds, Hyperliquid’s native token continues to show signs of strength following over 11% gains in the last 24 hours. It currently appears super bullish as it nears its recent peak daily. Hype has been on a serious buying spree since the price picked up from a low of $9.3 last month. Scaling through several resistance levels in the past weeks, it appears more bullish this week despite the ongoing fallout across the crypto space. As we can see on the price chart, it is almost reclaiming last year’s high of $42.25 following a consistent increase in the demand level. This yearly high may pose a little threat. If that happens, we may see a slight pullback before bouncing back. Failure to rebound may lead to another major drawdown to the $20 level before locating solid ground. However, a successful break above this mentioned high could trigger a huge rally to a new all-time high on the long-term scale. As it stands, there’s no room for a bearish action on the daily scale. Looking at the overall market structure, the bulls will most likely gain more control in the future. A further surge in the buying volume should sustain the bullish momentum until it reaches an exhaustion point. HYPE’s Key Levels To Watch Source: Tradingview Breaking the yearly high of $42.25, considered as the recent peak level, should trigger a rally to a new high of $46 and maybe $50 in no time. If a pullback occurs, there’s a close support level at $35.7. A drop below it could bring us back to the $28.4 level. Lower support levels to watch are $23.25, $19.5 and $16.9 in case of more dips. Key Resistance Levels: $42.25, $46, $50 Key Support Levels: $35.7, $28.4, $23.25 Spot Price: $38.6 Trend: Bullish Volatility: High Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !

Source: NullTx