- Price Analysis: Strong upward price action in the bull market to defend the key support level:

Hyperliquid is trading near $65.00, maintaining a slight upward 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 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 positive territory on the daily chart. The Relative Strength Index (RSI) hovers near the 53 level on the same chart, indicating sustained buying interest without reaching overbought territory.
HYPE/USDT four-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 maintains 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 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