Hyperliquid Price Could Dip Post TD Signal; $43 Support in Focus

The Hyperliquid cryptocurrency market, having recently ended a robust multi-week rally, might witness a short-term dip as the TD Sequential 9 pattern emerges on the 12-hour chart. This pattern, identified by analyst Ali Charts, suggests that profit-taking may soon follow. The digital currency is currently trading around $46.58, slightly lower than its recent peak of $49.50. The TD signal, a recognized technical indicator, often surfaces at local market highs, indicating that the market could face temporary exhaustion.

Despite this potential pullback, Hyperliquid's market structure appears fundamentally positive. Analysts highlight stable support levels between $43 and $44, which could attract new buyers, setting a foundation for future gains. These short-term downturns allow for market momentum recalibration while maintaining bullish sentiment. According to Ali, such pauses are typically brief, serving as a precursor to stronger market movements when trading volume rebounds.

Dominance in Blockchain Revenue

Fundamentally, Hyperliquid maintains a dominant position in blockchain revenue. As Ryan Watkins reports, the digital asset captures a substantial 33% of global blockchain revenue, outpacing key rivals like Ethereum and Solana. The strength of Hyperliquid's network, as evidenced by consistently upward revenue trends on the forecast charts provided by Blockworks, underlines its robust market standing. Watkins attributes Hyperliquid's revenue superiority to genuine network use rather than speculative trading. This distinction underscores high liquidity and network activity, showcasing investor confidence and platform stability even during volatility. Consequently, despite increased competition, Hyperliquid's steadfast market depth and liquidity remain crucial advantages, particularly in the face of rising perpetual DEX activity led by the Lighter Protocol.

Anticipation of a Bullish Market Resurgence

Analysts are cautiously optimistic about a strong market resurgence following the anticipated short-term consolidation. Market expert George has confirmed his long position on HYPE, projecting potential price targets between $65 and $75. Despite ongoing volatility, he sees solid support in the $36 to $40 range, which could signal accumulation opportunities below current trading levels. George’s analysis points out that maintaining control above $44 could lead to a retest of resistance near $50, potentially unlocking new highs. In sum, the ongoing revenue leadership and network capabilities underpin Hyperliquid's bullish stance in the market. Analysts in the field anticipate that any short-term pullbacks are likely temporary, serving to reestablish a solid foundation for future upward movements.

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