Hyperliquid price prediction – HYPE eyes $38, but watch THIS golden pocket first
Hyperliquid (HYPE) has shown bullish strength, rallying 19.73% after hitting a low of $25.63. The token's market structure is bullish, with key support holding at the $25 demand zone. A break below $23.4 or $20 would signal a bearish shift.
The daily chart indicates a bullish structure since late January, with a retracement to the 61.8% Fibonacci level providing a buying opportunity. Although volume and momentum indicators appear neutral or slightly bearish, price action remains the leading signal.
Traders are advised to watch for a retest of the golden pocket zone between $27.27 and $28.17 for an optimal long entry. Key upside targets are $38 and $42. A drop below $26.1 would invalidate the short-term bullish outlook.
Overall, HYPE exhibits bullish bias, and a pullback to the $28 region may present a buying opportunity.
ambcrypto03/01 13:01
