The Hyperliquid price today is recovering after a sharp correction that followed a major opening and profit-taking led by whales. After the recent correction that pulled the levels to $55, buyers came in, seeing it as a buying opportunity. In addition, Arthur Hayes’ round of selling all of his HYPE properties led to a massive reversal, while his purchases disrupted the market.
The recent recovery is particularly interesting as it is consistent with a bullish technical structure and a bearish chart showing a short position higher than the current price. If these levels are breached, forced withdrawals can accelerate the rally and push another 40% HYPE.
What Does the Hyperliquid Price Chart Offer?
Hyperliquid (HYPE) continues to trade within a well-known bullish trend, indicating that the bullish trend remains intact. Rather than breaking the market structure, the recent correction appears to be a retest of support within the channel, a pattern often seen in positive trends. The price has already fallen from the lower half of the channel and is trying to regain strength near the middle.
As long as HYPE continues to respect the system, buyers can control the situation.
Another encouraging signal comes from the RSI, which has settled around the neutral zone after approaching the trend. This revision indicates that the bullish trend has subsided, which may provide an opportunity to move higher if buying returns. Besides, the Supertrend has a bearish look, which causes concern for the subsequent prices.
From a technical point of view, the same resistance is in the area of $70-$75, where HYPE recently faced pressure to sell. A definite breakout above this zone would ensure a significant increase in energy levels. Below that, the $58-$60 range has emerged as an important support zone. Holding above this level can keep the climbing path from moving, while constant breathing below it can change their mind to improve deeply before starting to move.
What Does the Hyperliquid Liquidation Map Show?
Beyond the price chart, the Hyperliquid liquidation map provides important information on where the market may move. At the current price of about $63, the data shows a large imbalance between the long and short removal groups, with more funds at the top of the market than at the bottom.
This chart shows an increasing trend in the long term closing from the top of the current trade and moving higher to the $80, $90, $100, and even $115 levels. These areas represent price ranges where short sellers may be forced to close their positions if the HYPE continues to move, known as a Short Squeeze.
On the other hand, the closing map shows a long-term downtrend that falls below the current price, which means that the pressure that comes in the near future may be less than the possibility of a short-term closing.
Is Hyperliquid Rally Another 40%? Here’s What To Do
Hyperliquid’s trend remains unchanged, but the 40% rally reflects its ability to bounce back from major resistance and continue buying. The indicator continues to trade in an uptrend, indicating that the uptrend is not over.
A definite break above the $70-$75 zone would trigger buying interest. More importantly, the restriction map shows a short position above the current price, which means that a move higher could force short sellers to clear their position and accelerate the rally to the $88-$90 area.
However, the strong trend may weaken if HYPE breaks through the $58-$60 support zone, which could move to a deeper correction before retesting.
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