The Hyperliquid (HYPE) price is recovering after falling to a low of $39.73 on September 25.
Hyperliquid price long-term analysis: bearish
The cryptocurrency has remained between the moving average lines after breaking above them. On the upside, positive momentum will resume if the price breaks above the 21-day SMA resistance. Bullish momentum could then carry the price to a high of $59. If the bears breach the 50-day SMA support, HYPE may fall back to its previous low of $39.
Currently, bulls and bears are contesting price control at the 21-day SMA barrier. At the time of writing, HYPE is $49.54.
Hyperliquid indicator analysis
The price bars are positioned between the horizontal moving average lines, indicating a sideways trend. Doji candlesticks dominate price activity, suggesting traders are undecided about the market’s direction.
On the 4-hour chart, the moving average lines are trending upwards. The 21-day SMA is above the 50-day SMA, indicating a bullish trend.
Technical Indicators:
HYPE/USD daily chart – October, 5, 2025
What is the next direction for Hyperliquid?
Following its recent dip, the HYPE price is undergoing an upward correction. The altcoin previously dropped to a low of $39.73 before recovering above the current support. The upward correction has stalled at the $52 mark. The altcoin is currently trading above the $40 support but below the $52 high. The cryptocurrency remains within the range of the moving average lines and is likely to extend this range for a few days.
HYPE/USD 4-hours chart – October, 5, 2025
Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.
Source: https://coinidol.com/hyperliquid-rises-following-rebound/