Hyperliquid is trading around a key support region at $76, where several technical factors converge. These include the base of a falling wedge pattern, the value area low, and the 200-day simple moving average (SMA). This confluence makes the region key for monitoring whether buyers can defend support and establish the conditions for a recovery.
If price holds above $76 and buying pressure strengthens, Hyperliquid may attempt to break out of the falling wedge structure. A confirmed breakout, ideally supported by increasing trading volume and a successful retest, would provide stronger evidence of a potential shift in short-term momentum. Under this scenario, the next key resistance to monitor is around $97, which could become a potential upside target if bullish momentum develops.
However, the support confluence does not guarantee a reversal. If price fails to generate a meaningful bounce and establishes acceptance below $76, the current support structure could weaken, increasing the probability of a deeper corrective move.
For now, $76 remains a key level to watch. The market's reaction around this confluence, alongside volume and breakout confirmation, will help determine whether Hyperliquid can recover towards $97 or whether further downside develops.
----------------------------------------------------------------------------------------------
UK residents: Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more: coinjar.com/uk/risk-summary
The article is an opinion expressed by the author at a point in time and does not represent the views of CoinJar UK Limited or CoinJar Australia Pty Ltd. Take care to consider the date of this article and be aware that this opinion is based on circumstances at the time of publishing. No responsibility or liability is accepted for any errors of fact or omission expressed therein. Past performance is not a reliable indicator of future results.
This above article is not to be read as investment, legal or tax advice and it takes no account of particular personal or market circumstances; all readers should seek independent investment advice before investing in cryptocurrencies.
We recommend you obtain financial advice before making a decision to use your credit card to purchase cryptoassets or to invest in cryptoassets.In the UK, it's legal to buy, hold, and trade crypto, however cryptocurrency is not regulated in the UK. It's vital to understand that once your money is in the crypto ecosystem, there are no rules to protect it, unlike with regular investments.
You should not expect to be protected if something goes wrong. So, if you make any crypto-related investments, you're unlikely to have recourse to the Financial Services Compensation Scheme (FSCS) or the Financial Ombudsman Service (FOS) if something goes wrong.
----------------------------------------------------------------------------------------------
EU residents: Warning: If you invest in this product, you may lose some, or all, of the money you invest. The value of crypto-assets may rise or fall rapidly. Past performance is not indicative of future results. To learn more see our Risk Disclosures.
CoinJar Europe Limited is authorised by the Central Bank of Ireland as a crypto-asset service provider (registration number C496731)
----------------------------------------------------------------------------------------------
If price holds above $76 and buying pressure strengthens, Hyperliquid may attempt to break out of the falling wedge structure. A confirmed breakout, ideally supported by increasing trading volume and a successful retest, would provide stronger evidence of a potential shift in short-term momentum. Under this scenario, the next key resistance to monitor is around $97, which could become a potential upside target if bullish momentum develops.
However, the support confluence does not guarantee a reversal. If price fails to generate a meaningful bounce and establishes acceptance below $76, the current support structure could weaken, increasing the probability of a deeper corrective move.
For now, $76 remains a key level to watch. The market's reaction around this confluence, alongside volume and breakout confirmation, will help determine whether Hyperliquid can recover towards $97 or whether further downside develops.
----------------------------------------------------------------------------------------------
UK residents: Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more: coinjar.com/uk/risk-summary
The article is an opinion expressed by the author at a point in time and does not represent the views of CoinJar UK Limited or CoinJar Australia Pty Ltd. Take care to consider the date of this article and be aware that this opinion is based on circumstances at the time of publishing. No responsibility or liability is accepted for any errors of fact or omission expressed therein. Past performance is not a reliable indicator of future results.
This above article is not to be read as investment, legal or tax advice and it takes no account of particular personal or market circumstances; all readers should seek independent investment advice before investing in cryptocurrencies.
We recommend you obtain financial advice before making a decision to use your credit card to purchase cryptoassets or to invest in cryptoassets.In the UK, it's legal to buy, hold, and trade crypto, however cryptocurrency is not regulated in the UK. It's vital to understand that once your money is in the crypto ecosystem, there are no rules to protect it, unlike with regular investments.
You should not expect to be protected if something goes wrong. So, if you make any crypto-related investments, you're unlikely to have recourse to the Financial Services Compensation Scheme (FSCS) or the Financial Ombudsman Service (FOS) if something goes wrong.
----------------------------------------------------------------------------------------------
EU residents: Warning: If you invest in this product, you may lose some, or all, of the money you invest. The value of crypto-assets may rise or fall rapidly. Past performance is not indicative of future results. To learn more see our Risk Disclosures.
CoinJar Europe Limited is authorised by the Central Bank of Ireland as a crypto-asset service provider (registration number C496731)
----------------------------------------------------------------------------------------------
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.