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Hyperliquid coin has been remarkably resilient during the broader market correction, maintaining strength above a key support zone at $29.20. With high-timeframe structure intact and strong volume confirming the breakout, a rotation toward new highs above $39 is increasingly probable. While the overall market has experienced a period of consolidation and correction, Hyperliquid coin (HYPE)has shown notable strength by holding above its high-timeframe support. This level is not just psychological, it’s technically rich, aligning with the value area high, the 0.618 Fibonacci retracement, and the anchored VWAP level. These overlapping supports form a highly reliable demand zone that Hyperliquid coin has now successfully retested. Key technical points $29.20 High Time Frame Support Zone: Confluence of VWAP, 0.618 Fibonacci, and value area high make this level a strong foundation for bullish continuation. 34% Breakout Potential: If support holds, a measured move targets $39.10, representing a 34% price increase. Volume Spike Confirms Breakout: A surge in volume after breaching $29.20 solidifies the breakout. Continued volume is critical for trend continuation. HyperLiquid (1D) Chart, Source: TradingView Since establishing a swing low, Hyperliquid coin has been printing a clear bullish structure with higher highs and higher lows. The most recent move saw price travel through the value area low, reclaim the point of control, and then tap the value area high—before settling into a clean retest of the $29.20 support level. This is now acting as a base for the next leg higher. What’s occurring now is a classic technical retest. Price has come back to confirm the breakout level with elevated volume, which is above average relative to recent sessions. This confirms demand interest and gives further credibility to the breakout. If volume remains consistent or increases, the probability of a sustained move toward higher resistance zones dramatically improves. Hyperliquid coin’s ability to…

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Filed under: News - @ May 31, 2025 12:22 am