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Hyperliquid's HYPE token shows early signs of a bullish reversal after strong recovery from support levels.

Technical Signals
06 Apr 2026
Tokenpost
View Source
Bullish
pluang ai news

Hyperliquid's HYPE token has bounced back from a $25–$28 support zone and is now trading around $37, showing a pattern of higher lows and highs that signals a shift from bearish to bullish market structure. Key moving averages have turned from resistance into support, and the longer-term trend is flattening, indicating reduced downward momentum. This price action aligns with the early phase of a second bullish Elliott Wave, with steady volume and no major liquidity withdrawal during consolidation. Holding above $34–$35 support is crucial, and a breakout above $40–$42 could confirm continued upward momentum and validate the bullish trend.

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