Hyperliquid Price Analysis: A Bullish Reversal on the Horizon?
Hyperliquid price is currently consolidating near $45, supported by strong on-chain data and increasing user activity, while volume suggests a possible bullish reversal towards $53. This zone is reinforced by several key technical confluences, including the control point, the 0.618 Fibonacci retracement, and the lower boundary of the Bollinger Bands. The convergence of these indicators often marks an area for buyers to intervene and provide a potential basis for a trend reversal.
At the same time, on-chain metrics show continued growth in user activity, further strengthening the bullish outlook. Adding to the optimism, Hyperliquid has launched its own USDH stablecoin, a move that underscores confidence in its ecosystem and could further increase liquidity and network activity. The main technical points of Hyperliquid price include a support zone at $45, on-chain growth, and a bullish structure.
From a technical perspective, the $45 support area represents an area of high confluence and importance. The alignment of the 0.618 Fibonacci level with the lower Bollinger Band and the POC suggests that this is not a random pause in price action, but rather a controlled pullback within an ongoing uptrend. In the past, such confluence zones have served as springboards for strong recoveries when volume supported the move.
Technical Indicators and On-Chain Data
Price action at this level will determine whether Hyperliquid can set a new higher low, which would confirm the continuation of the broader bullish market structure. If the price starts rotating upwards from this zone, it would confirm the trend of higher highs and higher lows, signaling that the macro bullish forecast remains valid. Volume data supports this possible reversal, with strong bullish inflows recorded in recent sessions, indicating active demand at lower price levels.
On-chain data provides an additional layer of confirmation, with both the cumulative number of new users and daily trading numbers trending upward, indicating increasing network usage and increased liquidity. Such behavior is typically observed during periods of accumulation or early-stage bullish reversals. The increase in user activity reflects the growing interest in the ecosystem and is in line with technical signals indicating a renewed upward movement.
Upcoming Price Development
If Hyperliquid maintains support around $45 and confirms a higher low formation, a rotation towards the $53 resistance level becomes increasingly likely. A breakout above $53 would open the door for further price discovery driven by strengthening on-chain fundamentals and sustained trading volume. For more information on Hyperliquid price analysis, visit https://crypto.news/hyperliquid-price-consolidates-near-45-as-on-chain-data-show-new-users-increase/
