HyperLiquid (HYPEUSDT) has faced a sharp sell-off, leaving price action extremely oversold on the daily time frame. This sets up the potential for a relief bounce into key resistance levels.
Points to Consider:
• Price has formed a new daily SR level with two strong bullish closes, but the key wick remains untapped.
• The swing low at $11.62 has not been retested—weakness here followed by a reclaim could trigger a move higher.
• A close above $12.14 could open the door for a rally toward $20.52.
While the trend remains bearish, a structural shift could bring momentum back, with potential upside of nearly 70%. Watching price action at these key levels will be crucial.
Points to Consider:
• Price has formed a new daily SR level with two strong bullish closes, but the key wick remains untapped.
• The swing low at $11.62 has not been retested—weakness here followed by a reclaim could trigger a move higher.
• A close above $12.14 could open the door for a rally toward $20.52.
While the trend remains bearish, a structural shift could bring momentum back, with potential upside of nearly 70%. Watching price action at these key levels will be crucial.
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Join our free telegram for market updates: t.me/chartdoctorsanconsultants
Trade here with the best exchange: blofin.com/invite/alchemisttrader
Trade here with the best exchange: blofin.com/invite/alchemisttrader
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.