Can Hyperliquid rise to $50 in June?

Hyperliquid continues to display strong bullish momentum after breaking into all-time high territory. With consistent higher highs and higher lows, price action remains firmly bullish, and a Fibonacci extension now points to $50 as the next upside objective. Hyperliquid ( Hype ) has sustained an exceptionally clean uptrend since establishing a macro swing low. Price action has remained impulsive throughout, forming consecutive higher lows and higher highs on all timeframes. Now trading above both the $34 support region and ATH levels, technical indicators remain aligned for further upside, with $50 marked as the next key level if current strength continues. Key technical points Strong Support at $34: The $34 region, previously resistance, is now confirmed support with multiple counter-closes, aligning with the value area high. 20-Day MA Acting as Dynamic Support: The 20-day moving average is tracking below price and holding as support, offering structure for a higher low. Fibonacci Extension Targets $50: A trend-based 0.618 Fibonacci extension projects $50 as the next key level, assuming price holds above ATH. HYPEUSDT (2D) Chart, Source: TradingView After an aggressive rally off the swing low, Hyperliquid has reclaimed and held key levels, particularly the $34 zone, which has now flipped into support. This level is in confluence with the value area high from the prior trading range and has seen several daily candle closes above it. This signals clear buyer commitment and reaffirms the region as a structurally important floor. Adding strength to the bullish case is the 20-day moving average, which continues to rise in tandem with price. Price action is currently using this moving average as dynamic trend support, confirming that the uptrend remains intact. As long as this level is respected, the structural expectation leans toward another leg higher. You might also like: XRP’s 2025 outlook: Potential peaks, exit timing, and an emerging challenger With price now trading above its former ATH, traders are turning to Fibonacci-based targets to project the next move. A 0.618 trend-based extension, measured from the most recent swing low to the ATH breakout, gives a clean upside target of $50. This aligns with the pace of the current rally and will remain valid as long as support levels, particularly $34, continue to hold. What to expect in the coming price action Hyperliquid remains technically strong. As long as price stays above the $34 support region and confirms daily closes above ATH, the path toward $50 becomes increasingly probable. Unless market structure shifts, the current rally appears poised to continue in the immediate short term. Read more: 24 hours to go: $14.2m raised with Bitcoin Pepe listing info coming

Source: crypto.news