- Price Analysis: Price surge in a strong bull market to defend the key support level:

Hyperliquid stock is trading near $65.00, maintaining a slight uptrend in the near term, as it stays above the 50, 100, and 200-day exponential moving averages (EMAs). The spot price of the stock 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 directional 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 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 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 to 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 towards the downtrend resistance line at $67.50 and the next major psychological barriers at $70.00 and $75.00.
$HYPE ‌