- Price Analysis: Prices rising strongly in the bull market to defend the main support level:

Hyperliquid is trading near US$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 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 supported by a positive underlying structure.

Momentum remains relatively supportive, as the MACD is in positive territory on the daily chart. The RSI is hovering near the 53 level on the same chart, indicating 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 could 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 major support area, and losing it would significantly weaken the bullish trend and open the door for a broader corrective phase. Potential buying demand on dips may cushion losses at the current level or near 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 ‌