Mareena

08/31 12:07

Hyperliquid (HYPE) Price Eyes Breakout Toward $55

Hyperliquid (HYPE) Price Eyes Breakout Toward $55

Technical indicators provide mixed signals for HYPE. The Relative Strength Index (RSI 14) stands at 50.26, very slightly lower than its signal line at 52.32, and thus suggests neutral momentum. MACD (12,26) remains slightly positive, the MACD line (0.7796) remaining above the signal line (0.7246). Bollinger Bands (20,2) suggest the price consolidating at the midline at $44.97, upper resistance at $49.13, and lower support at $40.80.

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The price action confirms this indecisiveness, and HYPE is maintaining a position just above current support at $44.00. A bounce towards the higher Bollinger Band at $49.13 is therefore possible if buyers resist at this level, and a further target is set at the $55 level. 

A fall through $44.00 would, however, unleash risk towards the lower band at $41.00, making the next sessions crucial for trend confirmation.

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