Hyperliquid (HYPE) is demonstrating significant bullish momentum, trading near $69.25 after a 6.34% gain over the past 24 hours. The digital asset is breaking from recent bearish trends, with buyers now dominating its market structure.
Technical charts confirm this positive shift. The four-hour Moving Average Convergence Divergence (MACD) shows a bullish crossover above its signal line, indicating strengthening buying pressure. The daily Relative Strength Index (RSI) stands at 67.92, reflecting strong momentum but approaching overbought territory.
The key level to watch is resistance near $69.57, with potential for movement toward $70.00. A failure to break above could see a pullback toward support around $68.00. The current setup supports further gains, though traders should monitor for signs of momentum cooling as the RSI nears 70.