HYPE price tracks toward $20 as bullish pattern signals major comeback

The media threshing flashes strong bruise signals as it approaches an escape from a falling corner pattern.

Hyperliquid (THRESHING)) shows a strong bullish impulse because it is currently about to get out of the formation of pits and negotiations above key mobile averages – including the exponential mobile average of 20 days, the simple movable average at 9 days and the simple mobile average 50 days.

After reaching its summit of $ 35.02 on December 21, Media price The price has dropped into a downward trend, cut down the formation of downwards. The price made a background almost $ 9 on April 7, touching the lower trend line of the local area bounce And test the previous resistance at around $ 17.30. Since then, it has climbed above all the major mobile averages, notably SMA 9, EMA 20 and, SMA 50. The 20 EMA and 50 SMA have just had an optimistic cross, an inversion of signaling trend.

The RSI is currently seated at 63.51, which indicates that the bullish momentum resumes. MacD also shows a bullish crossing, with the two lines above zero.

If the media threshing is more than $ 18, the next major resistance is at the psychological level of $ 20, which also aligns the area where the price was supported several times in January and February until it breaks in early March.

Once $ 20 are eliminated, the next key resistance to watch is around $ 26 – where the highest trend line meets shape in mid-February.

If the corner escape is confirmed and the price is more than $ 18 with a growing volume, a longer -term lens of $ 35 becomes possible – aligning the origin of the higher trend line of the corner fall.

The bullish thesis would be invalidated if the beateering does not hold above the support area of ​​$ 18, in particular on the increase in sales volume. Ventilation below the SMA of 50 days and the 20 -day EMA would suggest a loss of momentum and could open the door to a level of $ 17.30 or even a return to the lower trend line nearly $ 12 to $ 13.