Hyperliquid ( HYPE ), core resistance level attempts to break through $36 again... pay attention to trend reversal signals.

Source: TokenPost Original Title: Hyper Liquid ( HYPE ), key resistance level attempts to break through at $36… pay attention to trend reversal signals. Original Link: https://www.tokenpost.kr/news/cryptocurrency/309382 The Hyperliquid ( HYPE ) token successfully rebounded after falling below $30 ( to approximately 44,055,000 won ) last week and is currently trading at about $36 (, which is around 52,866,000 won ). It has recorded a growth rate of about 2% over the last 24 hours and 4% over the past week.

This rebound occurs at a time when the crucial resistance level of $36 is being tested again, drawing the market's attention. This price level is the neckline of the 'head and shoulders' pattern formed over the past few months and is recognized as a signal for a downward reversal. Starting from the first peak in August, followed by the increased intermediate peak in September and the lowered peak in November, a typical downward reversal pattern was completed just after the price dipped below the neckline, and it is currently testing this range again.

If this level is not clearly broken, there are interpretations that the downtrend may continue. Chart analyst Ali Martinez stated, “Hyperliquid is retesting the breakdown point and could drop again to $25 (, around 36,712,000 won ).” On the other hand, it is currently bouncing around the lower Bollinger band near $30, and the next key point will be whether it can break the 20-day moving average of $37 (, around 54,364,000 won ) in the short term. If this level is broken, $43 will be targeted, while a failure could push it back down below $31.

There are some signs of recovery in the technical indicators as well. The main line has slightly crossed above the signal line on the MACD indicator, and the histogram is also attempting a positive reversal. However, since both lines are below the zero line, it is too early to consider that the overall market trend has switched to an upward direction.

A positive scenario has also been presented. Analyst 'Make Sense' commented, “HYPE has created a clear rebound zone for the first time after a month of weakness,” and projected that if it recovers to the $37-$38 range, it could potentially rise further to exceed $41-$42, reaching up to $50(, approximately 73,425,000 won). This range is a liquidity concentration area that has not been tested before, where strong recovery momentum may occur.

Currently, determining the direction in the range of $36 to $38 is crucial. If it breaks upward, an upward trend may continue, but if it fails, the scenario of testing the support line at $25 will become prominent.

Market Interpretation

HYPE is once again testing the important technical level of $36, and whether it breaks through this level will be key to determining the short-term trend. Currently, it is in a rebound phase, but if it falls below the baseline, there is also a possibility of further decline to $25.

Strategic Points

Short-term traders need to pay attention to price reactions in the $36-$38 range. If there is a breakout upwards, levels of $43 and $48-$50 become possible, while if there is a breakout downwards, gradual support can be expected at the $30, $27, and $25 ranges.

Terminology Organization

Head and Shoulders Pattern: A technical chart pattern that signals a reversal from an upward trend to a downward trend. The highest peak in the middle is (Head), with lower peaks (Shoulder) on either side.

Bollinger Bands: A technical indicator that measures volatility by forming upper and lower channels around a moving average line. The lower band is sometimes interpreted as a rebound point.

MACD: An indicator used to determine the strength and direction of a trend, analyzing buying and selling timing through the relationship between the signal line and the price.