Hyperliquid (HYPEUSD): Bullish setup still in play after the pullback | FXStreet

Back on June 23, we highlighted the bullish structure inHyperliquid (HYPEUSD)with our members and noted that the broader trend remained constructive despite the possibility of a corrective pullback. That outlook remains valid, with HYPE continuing to show relative strength compared with much of the crypto market.

Hyperliquid is still one of the best performers, and despite the current slowdown, the price may now be finishing wave“c”of anabccorrection within a higher-degree wave4. Ideally, the51–50support area should hold, from where we could see a bullish continuation into wave5 of (3).

For confirmation of renewed upside momentum, we would like to see a decisive break above thechannel resistance line and the 72 level. Until then, the current weakness can still be viewed as a corrective phase within the broader bullish structure.