- Price Analysis: Strong rally in the bullish market to defend the key support level:

Hyperliquid stock is trading near $65.00, maintaining a slight upward trend in the near term, as it remains above the 50, 100, and 200-day exponential moving averages (EMAs). The spot stock price is trading above the short- and medium-term EMAs at $64.44 and $64.53 respectively, while the long-term 200-day EMA at $62.63 provides stronger trend support, indicating that the recent recovery is backed by a positive underlying structure.
Momentum remains relatively supportive, with the Moving Average Convergence Divergence (MACD) showing in positive territory on the daily chart. The Relative Strength Index (RSI) hovers around the 53 level on the same chart, suggesting continued buying interest without reaching overbought territory.
HYPE/USDT 4-hour chart
On the downside, immediate support lies near the range of the short- and medium-term EMAs at $64.53 and $64.44, where a pullback may attract dip buyers as long as HYPE holds this level. A deeper decline would expose the 200-day EMA at $62.63 as the next key support area, and losing it would significantly weaken the uptrend and open the door for a broader corrective phase. Potential buying demand on dips may cushion losses at or near the current level or the 200-day EMA, paving the way for gains toward the downtrend resistance line at $67.50 and the next major psychological barriers at $70.00 and $75.00.
$HYPE ‌