Hyperliquid (HYPE) looks poised for a short-term pullback into the Fibonacci “golden pocket” before resuming its bullish march, according to recent charting.
Quick snapshot
- Recent low: $25.63 (Feb. 23).
- Rally since then: +19.73% (pushing price toward ~$31 local highs).
- Short-term bullish invalidation: drop below $26.10.
- Deeper warning levels to exit longs: below $23.40 and $20.00.
- Near-term upside targets: $38 and $42.
What the charts say
Daily view
- A bullish swing structure rotated in late January, and the subsequent retracement found support at the 61.8% Fibonacci retracement — an important bull-friendly level.
- After that support held, an internal structure break confirmed alignment with buyers. That suggests the broader trend is still biased higher.
- But daily volume/momentum readings were mixed: the Chaikin Money Flow sat around zero, the Accumulation/Distribution line failed to make new highs, and the Awesome Oscillator remained below zero. In short, buying pressure on the daily chart hasn’t strongly confirmed the price move — a reminder that price action often leads indicators.
Lower-timeframe setup
- The H1 structure is bullish, and after topping near ~$31 the token has been pulling back.
- Using the lower-timeframe swing, the Fibonacci golden pocket was plotted between $27.27 and $28.17. Analysts expect a retracement into that zone to offer an attractive buying opportunity and a likely area for a bullish reaction.
What traders should watch
- A clean retrace into $27.27–$28.17 with a bullish response would set up the next leg toward the $38 and $42 targets.
- Short-term invalidation sits at $26.10 — a break below that would undermine the immediate bullish setup.
- More serious downside risk appears only if price slides under $23.40 and then $20.00, levels AMBCrypto previously flagged as exit points for longs during the February pullback.
Bottom line
The technical picture favors a controlled retracement into the golden pocket followed by continuation higher, but momentum and volume indicators warn that conviction is not yet strong on daily timeframes. Traders should watch the $27.27–$28.17 zone for buy signals and keep $26.10 as the short-term stop level.
Disclaimer
This article is informational and not financial or investment advice. Cryptocurrency trading carries high risk; do your own research before making any trades.
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