🚀 $HYPE Technical Analysis | High-Conviction Demand Zone at $60–$62 – Smart Money Setup

Hyperliquid ($HYPE) is currently consolidating in the $63 – $67 range after a strong move. The token is now approaching a critical imbalance/demand zone between $60 – $62, which has acted as strong support in previous pullbacks.
This remains one of the highest-conviction areas on the chart for a potential reversal or continuation higher.
Key Technical Levels:
• Key Support / Demand Zone: $60 – $62 (imbalance area – high probability accumulation zone)
• Stronger Support: $57 – $59
• Immediate Resistance: $68 – $70
• Upside Targets: $72 – $77 (previous liquidity cluster)
Technical Picture:
HYPE has shown impressive resilience by holding above major demand zones. The current approach toward the $60–$62 imbalance area, combined with neutral-to-oversold momentum on lower timeframes, creates a classic setup for a potential reversal or continuation higher if buyers step in aggressively.
High-Probability Bullish Setup (Smart Money Style):
✅ Entry Zone: $60.50 – $62.50 (scale in on strength or clean retest)
✅ Stop Loss: $59.20 (tight, below the demand zone)
✅ Take Profit 1: $68 – $70
✅ Take Profit 2: $74 – $77
Why this zone is particularly attractive:
The $60–$62 area represents a clear imbalance left behind during the previous impulsive move. These zones are often revisited by smart money for accumulation before the next leg up. A strong defense here significantly increases the probability of a move back toward recent highs.
Risk Management:
A clean break below $59.20 would invalidate the setup and shift focus to the deeper $57–$59 support. Always respect your risk parameters.
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