Hyperliquid (HYPE) Jumps 37%, Rally Faces Key Resistance | Airdrop Alert Pro

Hyperliquid (HYPE) price surges 37% in the past 7 days, following one of the biggest trades airdrop this year. Momentum indicators such as relative strength index BBTrend and BBTrend indicate that the uptrend remains intact and has room for further gains, albeit at a slower pace compared to the peak.

If bullish momentum continues, HYPE could test new all-time highs near $28.95, with the potential for a move to $30 or $35. However, a weakening trend could expose the price to a pullback, with strong support at $15 implying a potential 42% downside.

HYPE RSI is currently far from overbought

HYPE’s RSI is currently at 55.8, up from 46 yesterday, indicating a significant recovery in momentum. The increase suggests buying pressure is returning after the recent cooling. Sustainable DEX. Between December 13 and 15, when HYPE reached all-time highs, the RSI remained above 70, reflecting overbought conditions.

The current reading, while below the overbought threshold, shows a shift to more bullish sentiment, which may support further price stability or growth in the near term.

RSI (Relative Strength Index) measures the magnitude and speed of price movements to assess whether an asset is overbought or oversold. Readings above 70 typically indicate overbought conditions and a potential pullback, while readings below 30 indicate oversold conditions, often preceded by a rebound.

and Hype The RSI is at 55.8, indicating neutral to bullish momentum, suggesting room for further gains as it remains comfortably below overbought levels. If buying momentum continues, HYPE could test new resistance, but if the RSI stalls, it could face short-term consolidation.

Ultra-liquid BBTrend remains optimistic

HYPE’s BBTrend is currently at 28.4, having remained positive since December 13th (just a few days after the end of December 13th) airdropindicating continued bullish momentum. However, it has declined from its peak of 43 on December 17, which marked a period of increased strength when HYPE reached new all-time highs, like other Altcoins.

This decline suggests that while the upward trend remains intact, the pace of the rise has slowed compared to earlier rallies.

BBTrend is derived from Bollinger Bands and measures the strength and direction of price trends. Positive BBTrend values ​​reflect bullish momentum, while negative values ​​indicate bearish pressure.

With HYPE’s BBTrend remaining very bullish at 28.4, the asset is likely to maintain its upward trajectory, albeit at a more modest pace than during its peak. This steady momentum could support further gains, but the cooling trend means HYPE’s gains may be muted in the near term.

HYPE Price Prediction: An All-Time High Is Coming?

If the current uptrend continues, HYPE could soon challenge all-time highs near $28.95, making it the Best Performing New Altcoins.

A successful breakout of this level may further push up priceswith a target of $30, a potential of $35, and a potential upside of 34%.

However, if the uptrend weakens and forms a downtrend, Hype price There may be significant downside risks. The nearest strong support is around $15, and a test of this support would mean a potential 42% retracement from current levels.