CandleFocus Hyperliquid Gains 37%, Faces Headwinds Amid Correction Fears
2024-12-19
Author: Content Editor
The price of Hyperliquid (HYPE) has surged 37% in the past week, following one of the largest airdrops of the year. Momentum indicators like RSI and BBTrend suggest that the uptrend remains intact, though the pace has slowed compared to its peak. The RSI is currently at 55.8, indicating a recovery in momentum. If the bullish momentum continues, HYPE could reach a new all-time high near $28.95 and potentially rise to $30 or $35. However, a weakening trend could expose the price to a correction, with strong support at $15.
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