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Hyperliquid rebounds from $75 as traders watch $83 resistance

Key takeaways HYPE rose 1.9% over 24 hours after bouncing from support near $75. The token needs to move above $83 to strengthen the case for a recovery. A break below $75 could expose the 200-day EMA near $67.50. Hyperliquid’s HYPE token gained 1.

Key points

  • HYPE rose 1.9% over 24 hours after bouncing from support near $75–$77, with $83 cited as the next resistance and $89 a possible target.
  • Open interest across Hyperliquid fell about 11% from its September 13 peak of $9.1 billion, while weekly volume rose from $12.4 billion to $19.6 billion.
  • RSI stands at 39, below the neutral 50 level, and a drop below $75 could expose the 200-day EMA near $67.50.

AI summary of CoinJournal’s report, written only from the publisher’s text. Read the original for full context.

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Terms in this story

EMA
Exponential moving average: an average of recent prices that weights the newest ones more, so it reacts faster than a simple moving average.

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Original reporting

Hassan Maishera, CoinJournal

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