- Price Analysis: Strong Bull Market Rally Defending Key Support Level:

Hyperliquid is trading near $65.00, maintaining a slight bullish trend in the short term, remaining 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 rally is backed by a positive underlying structure.
Momentum remains relatively supportive, with the Moving Average Convergence Divergence (MACD) appearing in positive territory on the daily chart. The Relative Strength Index (RSI) hovers near 53 on the same chart, indicating continued buying interest without reaching overbought territory.
HYPE/USDT four-hour chart
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 further decline would expose the 200-day EMA at $62.63 as the next key support zone, 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 or near the current level or 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 ‌