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17 hour ago
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Hyperliquid (HYPE) Targets $50 Amid Potential Rebound and Key Resistance

Hyperliquid (HYPE), an emerging token in decentralized exchanges, has seen a 2% recovery, positioning itself for potential gains. Here's a breakdown of the current market analysis:

  • After dropping below $30, HYPE shows signs of recovery, with analysts forecasting a possible rise to $50.
  • Analyst OxMakeSense highlights key levels, stating that reclaiming $37–$38 could trigger further growth.
  • The $38 level is crucial; surpassing it might push HYPE towards $41–$42, facing minimal resistance.

Potential Resistance and Risks

  • The momentum pivot is at $44. Breaking this could lead to targets at $48 and $50.
  • Crypto TXG raises concerns about HYPE's volatility, noting recent support near $28.5.
  • If HYPE fails to break $35.8 resistance, it may retest lower support levels.
  • Market expert Ali Martinez warns of a potential retracement to $25, indicating a possible short-term decrease of around 28%.

HYPE

The outlook for HYPE remains mixed, with opportunities for growth balanced by significant resistance and potential downside risks.