Hyperliquid (HYPE) is showing signs of recovery after bouncing from the $53 support zone, with price now approaching the key $57.57 Fibonacci level. The recent rebound has brought the $65 resistance zone back into focus, while improving momentum could allow bulls to extend the recovery. But can the HYPE price break above $57.57 and continue toward $65, or will resistance trigger another pullback?
HYPE is attempting to recover from a recent correction after finding support around the $53–$54 zone, where the 0.382 Fibonacci retracement at $53.03, the ascending trendline and a bullish order block converge. Price has now moved back toward the 0.5 Fibonacci level at $57.57, making this the immediate resistance to watch. A sustained break above this level could strengthen the recovery and bring the $64–$65 order-block zone into focus.
Meanwhile, the RSI is recovered from oversold territory and moved back above the neutral 50 level, suggesting that bullish momentum is returning without yet reaching overbought conditions. The broader structure, however, still needs confirmation, as HYPE remains below its previous highs and must clear the major resistance zones before a new all-time high becomes a realistic target.
Key Levels to Monitor
- The $53–$54 support zone remains the key area for bulls to defend.
- The $57.57 level is the first major resistance HYPE needs to reclaim.
- A breakout above $57.57 could open the path toward the $64–$65 resistance zone.
- The next upside targets after that are $72 and $76.78.
- On the downside, losing $53 support could weaken the recovery structure.
- A breakdown below $53 would bring the $47.42 Fibonacci level into focus.
- The $38.36 level remains the major long-term support zone.
The Hyperliquid (HYPE) price is at a critical point after rebounding from the $53 support zone, with the $57.57 Fibonacci level now standing between the current recovery and the next major resistance at $65. A decisive breakout above $57.57 could strengthen the bullish structure and put $72 and $76.78 back in focus. While a rejection could send HYPE back toward key support. For now, the ability to turn $57.57 into support will be crucial in determining whether this rebound can develop into a larger move.
Can Hyperliquid (HYPE) price clear $65 and set the stage for a new all-time high?
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