Hyperliquid Price Bounces Off Key Support, Targets Next Resistance

The Hyperliquid (HYPE) price has rebounded nearly 5% from a key demand zone around $55, where it was trading at $57.80.

This recovery suggests that whales are defending the range and preventing sellers from extending the recent correction.

Momentum indicators also hint at a potential shift in sentiment, with the MACD line curling higher and approaching a bullish crossover with the signal line.

The next resistance level to watch is $64, followed by a retest of the $72 swing high, but confirmation is still needed in the form of a sustained breakout above nearby resistance.