Currently, Hyperliquid ($HYPE) is trading at $65.98, recording a daily rally of 4.20% after touching the key support of its 50-day simple moving average (SMA-50) at $65.28. Despite this green movement, the asset remains 7% below its all-time high of $76.73 reached last June, in what analysts consider a technical consolidation phase.
This rebound comes on a trading volume 30% below the monthly average, suggesting a lack of conviction among buyers. The market is at a neutral point where the SMA-15 acts as the immediate resistance to beat at $67.43, while the 90-day performance of +51.50% confirms that the medium-term bullish momentum remains intact despite the current fatigue.
Now traders must monitor whether the support at $63.32 manages to hold the price. If the current technical structure is maintained, $HYPE could accumulate the necessary liquidity to reactivate its main upward trend in the coming months.
Source: https://coinmarketcap.com/currencies/hyperliquid/Â
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