crypto.news 2025-06-06 19:23:15

Hyperliquid coin forms bullish pennant as momentum builds: is a breakout imminent?

Hyperliquid coin is showing strong signs of bullish continuation after reclaiming key levels. A pennant formation on the daily chart may signal the next leg higher, if volume confirms the breakout. After a sustained uptrend marked by higher highs and higher lows, Hyperliquid ( Hype ) has entered a period of consolidation. This pause in momentum is forming a textbook bullish pennant, a pattern often associated with trend continuation. Technical confluence and reclaimed levels now position Hyperliquid for a potential breakout in the sessions ahead. Key technical points Pennant Formation on Daily Timeframe: Consolidation with converging trendlines suggests a coiling market preparing for a breakout. Reclaim of Volume Profile Levels: Price has reclaimed the value area low, point of control, and now trades above the value area high. Bullish Market Structure: A consistent sequence of higher highs and higher lows confirms the prevailing trend remains intact. HypeUSDT (1W) Chart, Source: TradingView As price consolidates within the pennant structure, Hyperliquid is trading tightly between dynamic support and resistance lines, forming an apex. This coiling action is a common sign of price compression and typically precedes a breakout. The context in which this pennant is forming, within a dominant bullish trend, adds strength to its breakout potential. The reclaim of major volume profile levels provides further insight into recent accumulation zones. Price moving above the point of control and reclaiming the value area high signals strong buyer interest and market acceptance at higher levels. You might also like: Cookie crypto price crumbling? Support holding firm at key level Importantly, Hyperliquid has maintained its bullish trend throughout the consolidation. Each pullback has been shallow, and no major support has been broken. This confirms the move is corrective in nature, rather than a reversal. However, one key factor is still missing: volume. For any breakout to be considered valid and sustainable, it must be accompanied by a surge in volume. Without this confirmation, price may continue to drift within the pennant or produce a false breakout. What to expect in the coming price action If Hyperliquid sees a strong breakout above the pennant resistance with a noticeable increase in volume, the bullish trend is likely to resume with momentum. Traders should monitor volume closely near the apex to confirm breakout strength and validate continuation toward new highs. Read more: Bitcoin, Ethereum going mainstream as JPMorgan, SEC open doors: Binance Research

La maggior parte ha letto le notizie

XRP Tops KRW Trading Market on Upbit with $1....
2025-06-18
Bitcoin Market Sentiment Shifts to Neutral as...
2025-06-18
Arthur Hayes Highlights U.S. Treasury as the...
2025-06-18
Bitcoin Price Stumbles at Resistance — Will t...
2025-06-18
Solana Scores a Major Upgrade—And So Do Qubet...
2025-06-18
Bitcoin Selling Pressure May Rise as Newer Ho...
2025-06-18
Hyperliquid Whale Nets $5.23M Profit from 40x...
2025-06-18
France Taps Bitcoin Mining To Harness €80 Mil...
2025-06-18

Notizie correlate

Thailand Offers Five-Year Tax Exemption to Boost C...
18 Jun 2025
Whale Sells 2,487 ETH at $6.09M, Faces $554K Loss...
18 Jun 2025
Meta Pool hit with $27M exploit, but attacker flee...
18 Jun 2025
XRP ETFs Set to Trigger Wave of Capital as Canada...
18 Jun 2025
DDC Enterprise Raises $528M to Potentially Expand...
18 Jun 2025
XRP Price Prediction After SEC ETF Delay
18 Jun 2025

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta