Technical Outlook: Hype Targets Breakout Above $50

Hyperliquid (HYPE) is gearing up for a potential breakout as it approaches the critical $50.00 resistance level. Positive sentiment across the broader crypto market is fueling momentum, while technical indicators are aligning in favor of the bulls.

The RSI sits at 53 on the daily chart and continues to rise alongside price action, signaling easing selling pressure and growing accumulation. Meanwhile, the MACD is on the verge of flashing a buy signal — a crossover above the red signal line, supported by expanding green histogram bars, would further reinforce bullish momentum.

For buyers, a daily close above $50.00 could flip this barrier into strong support, setting the stage for a fresh rally toward $59.40, Hyperliquid’s all-time high from September 18.

However, traders should also be cautious. Any rejection at $50 may trigger profit-taking, with immediate downside support at the 50-day EMA ($47.558) and further protection from the 100-day EMA ($44.280).

In summary, Hyperliquid is at a decisive point: a clean break above $50 would confirm the next bullish leg, while failure to hold above this level could extend consolidation in the short term.

#HYPE
#Cryptomarketrebound