Hype blinks strong bullish signals because it is approaching an outbreak from a falling wig pattern.
Hyperliquid (Hype) shows a strong bullish momentum because it is currently about to break out of the falling wedge formation and trade above the most important advanced averages-inclusive 20-day exponentially progressive average, simply advancing average of 9 days and a simply framework average of 50 days.
After reaching his record high on December 21, the price price of the hype went into a downward trend, which cut a falling wig formation. The price Batte near $ 9 to 7 April, with the lower trendline of De Wig being hit before they bounce the previous resistance and test the previous resistance at around $ 17.30. Since then, it has climbed above all the important advancing averages, including SMA 9, EMA 20 and SMA 50. The 20 EMA and 50 SMA just had a Bullish cross, signaling trend.
The RSI is currently at 63.51, indicating that Bullish Momentum absorbs. MacD also shows bullish crossover, with both lines above zero.
If the hype above $ 18 applies, the next major resistance is at the psychological level of $ 20, which is also in accordance with the zone where the price was supported several times in January and February until it broke lower at the beginning of March.
Once $ 20 has been erased, the next key resistance to view is about $ 26 – where the upper trend line meets the lower high that was formed in mid -February.
If the wedge outer is confirmed and the price above $ 18 applies with an increasing volume, a target target of $ 35 is possible with the origin of the upper trend line of the falling wedge.
The bullish thesis would become invalid if hype does not hold above the $ 18 support zone, especially when increasing the sales volume. A breakdown under the 50-day SMA and 20-day EMA would suggest a loss of Momentum and open the door for a retest of the level of $ 17.30 or even a movement back to the lower trend line of the WIG near $ 12- $ 13.
