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

Hyperliquid stock is trading near $65.00, maintaining a slight bullish trend in the near term, as it remains above the 50, 100, and 200-day Exponential Moving Averages (EMA). 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 a positive zone on the daily chart. The Relative Strength Index (RSI) is hovering near the 53 level on the same chart, indicating continued buying interest without reaching overbought territory.
4-hour chart of HYPE/USDT
On the downside, immediate support lies near the range of 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 dip-buying demand may mitigate losses at the current level or near the 200-day EMA, paving the way for gains towards the downtrend resistance line at $67.50 and the next major psychological barriers at $70.00 and $75.00.
$HYPE