• Hyperliquid rose nearly 20% after testing support near $25.63.
• Golden pocket between $27.27–$28.17 offers an ideal buying opportunity.
• A drop below $26.1 would invalidate short-term bullish momentum.

Hyperliquid — HYPE, has shown strong bullish moves recently, catching traders’ attention. Last week, the token dropped to $25.63, presenting a clear buying opportunity. Since then, HYPE surged nearly 20%, demonstrating resilience against bearish pressure. Short-term technicals suggest further upside, but traders must watch a critical zone that may influence momentum. Price action leads indicators, and understanding key levels will help traders time entries effectively while managing risk.

Short-Term Price Trends and Key Levels

HYPE’s daily chart shows a bullish swing structure forming toward the end of January. The subsequent pullback reached the 61.8% Fibonacci retracement level, creating a support zone. From this level, the internal structure broke higher, signaling a potential continuation of the upward trend. While daily indicators like the CMF at zero and the Awesome Oscillator below the line showed neutral or slightly bearish signals, the price itself indicated strength.

Volume metrics reflected some caution. The A/D indicator failed to reach new highs, and buying momentum was moderate. This aligns with the retracement from the $31 local highs. Despite this, the longer-term bias remains bullish, with fundamentals supporting further upside. Key support levels near $25 and $23.4 remain untouched, indicating strong demand zones.

Any drop below these levels could invalidate bullish sentiment, but HYPE has held firm so far. Traders eye the short-term golden pocket between $27.27 and $28.17. This zone was derived from lower timeframe swing moves and offers an ideal entry point for those looking to add positions. A retest of this region could attract buyers and confirm bullish momentum. The target levels following a successful bounce include $38 and $42.

Traders’ Next Moves and Risk Management

As HYPE continues to consolidate, spotting retracements into the golden pocket becomes critical. Traders should avoid chasing the token at highs and wait for confirmation near key levels. A bounce from the $27.27–$28.17 zone could provide high-probability entries with defined risk. Conversely, a drop below $26.1 may signal weakening momentum and caution traders to reduce exposure.

Overall, Hyperliquid demonstrates strong bullish structure supported by demand zones and price swings. The recent surge shows buyers are stepping in during pullbacks, strengthening confidence. Traders watching the golden pocket can position themselves ahead of potential rallies toward $38 and $42. While short-term indicators may signal caution, price action leads, highlighting opportunities for disciplined entries.

HYPE’s momentum will largely depend on reactions around this key zone, shaping whether the token maintains a bullish trajectory. A successful bounce from this region could propel prices toward $38 and higher. Conversely, a drop below $26.1 would challenge short-term bullish setups. Traders should focus on these levels while monitoring volume and price structure to make informed decisions for the upcoming week.