Coinidol.com: The Hyperliquid (HYPE) price has risen above its moving average lines, invalidating the previous bearish scenario.
Hyperliquid price long-term analysis: bullish
On October 26, the cryptocurrency price broke and closed above the moving average lines. Previously, the altcoin traded above the $35 support level but below the moving average lines.
Today, HYPE is likely to remain above the moving average lines and may rise to its previous high of $59. However, if the altcoin falls below the 50-day SMA support, it will decline and return to the previous low of $35. At the time of writing, the altcoin is trading at $47.
Technical Indicators:
Hyperliquid indicator analysis
The price bars are positioned above the downward-sloping moving average lines. The 21-day SMA is below the 50-day SMA, indicating the preceding decline. On the 4-hour chart, the moving average lines are sloping upwards, indicating a bullish trend. The long candlestick wicks at the latest high signal significant selling pressure.
HYPE/USD daily chart – September 28, 2025
What is the next direction for Hyperliquid?
HYPE has regained positive momentum above the moving averages. The cryptocurrency is trading above the $44 support but below the $50 resistance. The altcoin price is oscillating above the moving average lines but remains below its recent peak. The altcoin is expected to surpass the $50 threshold.
HYPE/USD 4-hour chart – September 28, 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-oscillates-below-50/