Hyperliquid price prediction Hyperliquid (HYPE) b

Hyperliquid price prediction

Hyperliquid (HYPE) broke and closed above the symmetrical triangle pattern on Monday, indicating the resumption of the uptrend.

The bulls have pushed the price above the stiff overhead resistance of $42.25, clearing the path for a rally to the pattern target of $46.50 and subsequently to $50.

On any pullback, the bulls are expected to vigorously defend the zone between $42.25 and $40. If the price rebounds off the support zone, it suggests that every minor dip is being purchased. That indicates the uptrend remains intact. The first sign of weakness will be a close below $40, which could pull the HYPE/USDT pair to the 20-day EMA ($35.21).