- Price Analysis: Rising prices in a strongly bullish 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 trend 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 53 on the same chart, indicating continued buying interest without reaching overbought territory.
4-hour HYPE/USDT 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 maintains this level. A larger decline would expose the 200-day EMA at $62.63 as the next key support area, and losing it would significantly weaken the upward trend and open the door for a broader correction 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 ‌