Hyperliquid Coin Shows Extraordinary Strength Amid market Correction
Hyperliquid coin (HYPE) has demonstrated remarkable resilience during the current market downturn.It has consistently stayed above a critical support level of $29.20, suggesting a strong foundation for potential gains.
While most cryptocurrencies are consolidating or correcting, Hyperliquid coin stands out. This $29.20 threshold is not just any support level. It combines various technical indicators, such as the high value area, 0.618 Fibonacci retracement, and the VWAP level. These factors create a robust demand zone that Hyperliquid has successfully reconfirmed.
- $29.20 Support Zone: A confluence of technical indicators making it a strong base.
- 34% Upside Potential: A move to $39.10 is plausible if support holds.
- Volume Surge: A volume spike confirms the breakout; continued volume is crucial.
The recent price action shows a classic retest. Hyperliquid coin reclaims the value area low and high, confirming the breakout with above-average volume. This elevated volume indicates strong demand, further validating the breakout.
Hyperliquid coin’s ability to outperform during market corrections is a promising sign. Typically,such assets become the first to break out when market sentiment improves. The current setup is clean and technically strong, with momentum poised to continue if volume sustains.
In short, if Hyperliquid coin stays above $29.20 with sustained volume, it could head towards $39. This represents a 34% gain from current levels. For the bullish trend to continue, volume consistency is key.
