Hyperliquid (HYPE) recorded a price of $93.32 on the afternoon of the 6th, according to CoinMarketCap. A technical analysis suggests the recovery trend is continuing after the price rebounded from around $88, with attention now focused on whether the short-term support zone can be maintained.

■ $92–$93.5 Is the Short-Term Support Zone

CoinMarketCap community user Veyron analyzed Hyperliquid's 1-hour candlestick chart in a post. He explained that the price recovered from around $88 and moved toward $94, and that after the recent rise, it has been fluctuating within a certain range.

The support zone presented by Veyron is $92–$93.5. The provided price of $93.32 falls within this range. He assessed that if this zone holds, the short-term uptrend structure could continue.

■ A Break of the $97–$98 Resistance Is the Key

He cited $97–$98 as the key resistance zone. The outlook is that if the price clearly breaks above this range, further upside potential could open up. Conversely, he analyzed that a failure to break the resistance could lead to a pullback toward the support zone.

■ Conditional Outlook... Support and Resistance Confirmation Are the Points to Watch

However, this is merely a conditional technical outlook presented by a community user. The fact that the price is staying within the support zone alone cannot confirm further gains. The key points to observe are whether the price holds the support line going forward and whether it reaches the indicated resistance zone during the rebound.

[The $93.32 figure in this article is the provided price; as the time of confirmation and the exchange were not specified, it may differ from the real-time price. Technical analyses and forecasts may not match actual market movements. Cryptocurrencies carry high risks of price volatility and principal loss; this article is for informational purposes only and does not constitute investment advice. Responsibility for final verification of information, investment decisions, and their outcomes lies with the investor. AI assistance was used in writing this article.]