- Hyperliquid’s HYPE trades at $35.53, approaching the $35.59 resistance after a 2.4% daily gain.
- The chart shows the $33.67 zone acting as support after price moved above a previously contested level.
- Price now trades between $33.67 support and $35.59 resistance, shaping the immediate intraday direction.
Hyperliquid’s HYPE token traded near the upper end of its recent range as market activity continued to build. The asset traded at $35.53, representing a 2.4% increase in the last 24 hours. At the same time, the two also exchanged approximately 0.0005112 BTC, a growth of 3.7 percent compared with Bitcoin. According to the 24-hour range, support is at 33.67, whereas resistance is holding at $35.59. It is important to note that the chart indicates the asset moving beyond a price zone that was being fought. Consequently, the market structure became more shifted towards a high short term range. This growth saw HYPE approaching the top of its recent trading range.
Price Break Above $33–$34 Resistance Signals Shift in Market Structure
The four-hour chart highlights a period of volatility through February before a clearer structure emerged in March. Earlier price action displayed several sharp swings between the mid-$20 and upper-$30 regions. However, the market gradually formed a sequence of recovery moves after late-February lows.
Notably, buyers pushed the price upward from the lower $26 area toward the $31 region. After that move, the asset consolidated briefly before advancing again. This push carried the market toward the $33–$34 zone, which previously acted as resistance.
However, recent candles show prices moving above that barrier. The chart indicates that this level now acts as support. Consequently, the structure suggests a completed level flip around that region.
Momentum Builds Near the Upper Range
After the breakout, the price shot up at a high speed to reach the mid-30s area. There are a number of powerful green candles that indicate that there is more upward pressure in that period. Consequently, the market hit an area close to $35, and this is very close to the reported resistance of $35.59.
Nevertheless, a short pause around this region can be also observed in the chart. The small consolidation candles are below the resistance. This trend tends to represent short-term equilibrium between the buyers and sellers. At the same time, the level of support of $33.67 is located directly beneath the current structure. The level is in close proximity to the recently inverted zone that can be seen on the chart.
Price Structure Tightens Between Key Levels as Bulls Aim for a Breakout Toward $36
In case buyers play in control beyond $33.67, the price might seek a second challenge of the resistance at $35.59. The recent upward trend would represent an avenue to the $36 area in case of a sustained pressure beyond the same. Nevertheless, an alternative situation may arise when selling pressure is escalated around resistance. Therefore, the price might revert to around $34 and perhaps reach the support level of $33.67. The chart therefore outlines two immediate pathways. One path extends the breakout above $35.59, while the other revisits the flipped support below current levels.
