- Price Analysis: Strong price surge 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 rally is backed by a positive underlying structure.
Momentum remains relatively supportive, with the Moving Average Convergence Divergence (MACD) in positive territory on the daily chart. The Relative Strength Index (RSI) is hovering near 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 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 area, and a loss of this level would significantly weaken the bullish trend and open the door for a broader corrective phase. Potential buying interest 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