📈 Hyperliquid price technical analysis

🔹From a technical perspective, several signals have started to lean positive. The price currently sits above the mid-Bollinger Band, which corresponds to the 20-day moving average. That area, around $29 to $30, has been acting as support in recent weeks as buyers step in during pullbacks.

🔹Volatility also appears to be returning. The Bollinger Bands are widening after a period of compression, a setup that traders often watch for stronger moves. At the moment, the price is pushing toward the upper band in the $33 to $36 range.

🔹Momentum indicators point in the same direction. The relative strength index is hovering in the upper-50 zone. Before the market enters overbought territory, that level usually denotes growing momentum while allowing room for growth.

The chart also shows a pattern of higher lows since the rebound in late January, with buyers continuously protecting the $29 to $30 range. This kind of structure often depicts slow accumulation.

🔹For now, the main barrier sits between $33 and $36, where the token has struggled to move higher in recent attempts. A clear break above that zone could shift attention toward the $40 level, which many traders see as the next psychological target.

🔹If momentum fades, the first support lies near $29.9, while a deeper support zone sits around $26 to $27.
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