Hyperliquid (HYPE) attracted the attention of Altcoin investors, gaining 18 %in the last 24 hours. While a general recession was experienced in the market, Hype rose by 10 %in the last week. Increased demand and powerful technical indicators show that new peaks can be possible if the $ 25 level is broken.
Hype Altcoin demand is increasing rapidly!
Hype’s daily graphic analysis shows that the demand for Altcoine is strengthened. The price is traded on the green line of the Super Trend indicator. This indicator helps to determine the direction of the market by creating dynamic support levels.
Assets traded on the Super Trend line are usually in the bull trend and the procurement pressure is strong. This support for Hype is at $ 19.27. If the price continues to remain above this level, the rise acceleration can be maintained.
RSI indicator Altcoin gives a bull signal!
HYPE’s relative power index (RSI) is currently 55.42 and upwards. RSI is an important indicator that evaluates the conditions of over -purchase or sale of the market.
When the RSI value is more than 70, the asset is accepted in the overcrease area and the possibility of correction increases. When it falls below 30, it enters the over -selling area and the expectation of recovery arises. Hype’s RSI value indicates that the bull market is strengthened because it is at the level of 55.42.
Hype Coin Price Estimation: The $ 25 level will be decisive!
If the rise trend continues, the HYPE price may exceed the critical $ 25 level. If this level is broken, it may be possible to reach $ 29.33 and then to $ 35.17, the highest level of all time.
However, if the rise acceleration disappears and investors turn to profit sales, HYPE has a risk of declining to $ 22.81. For this reason, whether the $ 25 threshold will be passed will be determined in the coming days.
Conclusion: Investors Hype Coin -focused!
Hype continues to rise with strong technical indicators and increasing demand. In case of breaking the $ 25 level, investors can target new summits. However, the general aspect and profit sales of the market should be followed carefully.
Will the bulls win, or will the bears come into play? The coming days will answer this question.
