Hyperliquid price prediction HYPE pulled back aft

Hyperliquid price prediction

HYPE pulled back after hitting $57.44 on Friday, but the shallow correction suggests the bulls are not rushing to the exit.

The upsloping 20-day EMA ($50.11) and the RSI in the positive territory indicate that buyers remain in command. The bulls will try to resume the uptrend by pushing the Hyperliquid price above $57.44. If they manage to do that, the HYPE/USDT pair could rally toward the pattern target of $64.25.

The first support on the downside is at $49.88 and then at the 50-day SMA (45.28). A close below the 50-day SMA signals a short-term top is in place