HYPE Breakout Imminent: Can Hyperliquid Reach $73?
Hyperliquid (HYPE) has been trading along a descending trendline since late July. Despite the downtrend, its price has shown quiet resilience rather than panic.
The coin's price has been retesting its first swing low three times without breaking it. This suggests that buyers are stepping in near the same zone each time.
A 4-hour close above $56.441 would open the door to $60.429 and $63.450 as next resistance levels. If this breakout coincides with a supportive Bitcoin and broader risk sentiment, HYPE's price could extend further, targeting $69.121 and then $72.966.
A 4-hour close below $53.316 would suggest the current sustained attempt has failed. The next support beneath that sits at $51.135, which is roughly 7.6% below the current price of $55.312.