Hyperliquid coin has been remarkably resilient during the broader market correction, maintaining strength above a key support zone at $29.20. With high-timeframe structure intact and strong volume confirming the breakout, a rotation toward new highs above $39 is increasingly probable.
While the overall market has experienced a period of consolidation and correction, Hyperliquid coin (HYPE)has shown notable strength by holding above its high-timeframe support. This level is not just psychological, itâs technically rich, aligning with the value area high, the 0.618 Fibonacci retracement, and the anchored VWAP level. These overlapping supports form a highly reliable demand zone that Hyperliquid coin has now successfully retested.
Since establishing a swing low, Hyperliquid coin has been printing a clear bullish structure with higher highs and higher lows. The most recent move saw price travel through the value area low, reclaim the point of control, and then tap the value area highâbefore settling into a clean retest of the $29.20 support level. This is now acting as a base for the next leg higher.
Whatâs occurring now is a classic technical retest. Price has come back to confirm the breakout level with elevated volume, which is above average relative to recent sessions.
This confirms demand interest and gives further credibility to the breakout. If volume remains consistent or increases, the probability of a sustained move toward higher resistance zones dramatically improves.
Hyperliquid coinâs ability to outperform the broader market during correction phases is another bullish signal. When assets lead on strength while others pull back, they often become the first to break out once market-wide sentiment shifts. The structural integrity of this setup is clean and technically valid, and momentum appears ready to resume, pending continued volume flow.
If Hyperliquid coin holds above $29.20 with sustained volume, the bullish structure remains intact. Expect a rotation toward the $39 region, a 34% move from current levels.
Failure to hold the level would require re-evaluation, but for now, technicals strongly favor continuation to the upside.