With an impressive monthly return of over 22%, the Hyperliquid price has successfully outperformed the top altcoins. Furthermore, this highlights a strong bullish outlook for this altcoin in the cryptocurrency market.

With this, top investors and institutes are curious with questions like “Is Hyperliquid a good investment?” and “How high can HYPE price realistically go?” In this article, we at CoinPedia bring you the market sentiments and possible short-term Hyperliquid Price Analysis!

HYPE Coin Price Records Increased Bullish Action!

The price of Hyperliquid has maintained its bullish price action by adding 7.12% in 24 hours with a trading volume of $157.74 million. Further, it has jumped 12.91% in seven days and 22.16% over the last 30 days. With a YTD return of +13.79% and a market cap of $9.081 billion, it has secured the 19th position.

The EMA 50/200-day displays a Golden Cross in the daily time frame. This suggests an increase in the buying-over-selling pressure for the altcoin in the cryptocurrency market.

Furthermore, the Moving Average Convergence Divergence (MACD) records a constant green histogram in the Hyperliquid price chart. Moreover, the averages witness a similar price action, suggesting that the HYPE price may continue gaining value in the upcoming time.

How High Can HYPE Price Go?

If the bullish sentiment sustains, the Hyperliquid price may retest its immediate resistance level of $29.90. Maintaining the price above that level could set the stage for this altcoin to head toward its upper price target of $35.50 this month.

On the contrary, if the bearish trend reversal occurs, the HYPE coin price could retest its support trend level of $24.30. Furthermore, if the bears dominate the crypto space, this could pull the price of Hyperliquid toward its lower support level of $18.25.

Are you one of many who are wondering about the long-term price prospects of HYPE coin price? Read our latest Hyperliquid Price Prediction today!