Market Context
- Hyperliquid is still in a clear uptrend, holding a strong bullish trendline.
- Next support comes in at $38, with Fibonacci 61.8% retracement at $36.5 (measured from May 31st low to June 16th high).
- RSI peaked at 72 on June 10th and has since reset to neutral at 54, providing room for continuation.
- Funding flipped negative, suggesting sentiment reset and potential fuel for upside.
- Despite overextension, buyers remain in control — no signs of trend breakdown.
- The $41–$45 region remains the near-term target zone once this healthy pullback completes.
Thesis
Hyperliquid is in a strong trending structure and remains one of the more technically sound assets across the board. After a sharp rally, price now appears to be retracing toward support, with the 61.8% Fibonacci at $36.5 acting as a potential base for continuation. RSI has cooled, and the recent negative funding suggests sentiment is balanced — not overheated. Barring any major market shifts, we expect Hyperliquid to resume its uptrend and reach for $45 before any deeper downside is explored. Any dip into support offers a high-probability entry opportunity in trend.
Cryptonary’s Take
Hyperliquid continues to lead with strength. Despite a short-term pullback, the trend is intact, the structure remains clean, and sentiment has reset nicely. With the 61.8% Fib zone lining up at $36.5 and RSI back to neutral, the conditions favor continuation toward $45. We remain bullish and will look to bid pullbacks into support.
Recommended from Cryptonary
