The latest analysis by Coinpedia states that the Hyperliquid platform token HYPE rebounded after a fall near US$ 53 and that the price was again approaching US$ 57.57. This position, according to the article, is the first key obstacle to the continuation of the current rehabilitation trend and, if effectively positioned, the market focus will shift to between $64 and $65.
53 to 54 dollars is still short-line support.
From the technical structure given in the text, the 53 to 54-dollar areas are the basis for the rebound of this round. It is considered to be a short-line defensive position, as it corresponds to the withdrawal of 0.382 Fibonacci, the upward trend line and the multi-order area.
The article mentions that HYPE was supported in the area after having returned and then re-tested up to higher resistance. In the event of a subsequent fall of $53, the current repair structure may be weaker, or the market may refocus on support in the vicinity of $47.42. The longer-term main support position is at $38.36.
57.57 dollars becomes an immediate drag.
The analysis indicates that hype is currently testing 0.5 Fibonacci's retreat of US$ 57.57. This position is considered a short-line orientation selection point. If prices continue to stand firm, the rebound structure will be further strengthened and the next target will be set at $64 to $65 for resistance bands.
In the event of a breakthrough between US$ 64 and US$ 65, the further top targets given in the text include US$ 72 and US$ 76.78. According to this article, the next few weeks of the HYPE have the potential to re-challenge historical highs, but the premise remains that the main areas of resistance will continue to be breached.
kinetic power repairs, but high level still to be confirmed.
Coinpedia also mentioned that the relatively strong and weak indicator RSI had recovered from the oversold area and had re-established itself above 50, showing a recovery in multiple kinetic energy but had not yet entered the heat zone.
At the same time, however, the article stresses that the overall HYPE structure is still not fully recognized. This is due to the fact that prices have not recovered from their previous highs, and whether the new upward trend is established still depends on the ability of the US$ 57.57 to be supported and the ability of the US$ 65 to be effectively broken.
Overall, this analysis considers $53 to $54 as short-line support core, and 57.57 as the most important observation point at the moment. If the position is effectively breached, the upper space of the HYPE may be further opened; if the position is blocked, the price may again return to the aforementioned supporting zone.