Hyperliquid is bouncing along the market’s muddy banks, jiggling to life as bigger commodity trading and those cheeky token-burn tricks gobble coins and spark a chorus of interest. It’s as if the market heard a whistle and decided to pirouette in its best hat.
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Volatility has expanded since then. Bollinger Bands, which were snug as a bug in a rug during consolidation, have popped open to the upside. Such expansions often accompany fast directional moves rather than slow, meandering trading.
Momentum indicators confirm the strength of the push. The relative strength index has moved above 70, signaling heavy buying pressure, though it also raises the chance of a pause or pullback. Price has reclaimed the 20-day moving average near $24.70, which now serves as the first line of support.
Attention is now on the $34-$36 zone, where previous selling pressure lurked. A clean daily close above that area would strengthen the bullish case and open the door toward the $48-$50 region.
If price stalls, a cooldown toward $30.50 or $28.00 would not be unusual. A sustained drop back below $28 would weaken the recovery and put the recent advance under strain.
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2026-01-28 12:11