🚀 $HYPE Technical Analysis | High Confidence Demand Zone at $60–$62 – Smart Money Setup

Hyperliquid ($HYPE) after a strong rally, is currently consolidating in the $63–$67 range. The token is approaching a key imbalance/demand zone at $60–$62, which has acted as strong support during previous pullbacks.
This remains one of the most deterministic zones on the chart, where a reversal or continuation upward could occur.
Key Technical Levels:
• Key Support/Demand Zone: $60–$62 (Imbalance Zone – High Probability Accumulation Area)
• Stronger Support: $57–$59
• Immediate Resistance: $68–$70
• Upside Target: $72–$77 (Previous Liquidity Cluster)
Technical View:
HYPE has shown impressive resilience by holding above the main demand zone. The current approach to the $60–$62 imbalance zone, combined with neutral to oversold momentum on lower timeframes, creates a classic setup: if buyers step in actively, a reversal or continuation upward is possible.
High Probability Bullish Setup (Smart Money Style):
✅ Entry Range: $60.50 – $62.50 (Scale in on strength or clean retest)
✅ Stop Loss: $59.20 (Tight, below the demand zone)
✅ Take Profit 1: $68 – $70
✅ Take Profit 2: $74 – $77
Why This Zone is Particularly Attractive:
The $60–$62 zone represents a clear imbalance left behind during the previous impulsive move. These zones are often used by smart money for accumulation in preparation for the next leg higher. Strong defense here will significantly increase the probability of a bounce towards the recent highs.
Risk Management:
If a clear break below $59.20 occurs, the setup is invalidated, and focus shifts to the deeper $57–$59 support. Always respect your risk parameters.
‍#HYPE #Hyperliquid
‍#TechnicalAnalysis #GateSquare