Golden Cross Appears...Hyperliquid, if it breaks 'this' level, it will go straight to an all-time high.

▲ Hyperliquid (HYPE)/AI-generated image

Hyperliquid (HYPE), a token from a decentralized derivatives exchange, is attracting market attention as it is on the verge of breaking through a key resistance level. With bullish reversal signals confirmed by technical indicators, analysis suggests that the future price movement depends on whether it breaks past $50.

According to the cryptocurrency media outlet The Crypto Basic on April 17 (local time), HYPE is currently trading around $43.7 after a short-term correction following a recent uptrend. It has risen over 8% in the past week, maintaining a relatively strong performance among top market cap assets. Its market cap has also expanded to approximately $11.19 billion, increasing its presence in the market.

From a technical perspective, the occurrence of a 'Golden Cross' is considered the most important variable. This phenomenon occurs when the 50-day moving average, a short-term moving average, crosses above the 200-day moving average, a long-term moving average, and is generally interpreted as a signal for the start of a mid-to-long-term bull market. HYPE formed this signal on April 6, leading to an assessment that its previous downtrend cycle has ended and transitioned into an uptrend. Since then, the price has maintained an upward structure with both higher highs and higher lows, continuing its rebound.

The key level the market is currently watching is $50. This price point is considered more than just a resistance line; it's a zone where strong selling pressure has formed. HYPE has attempted to break $50 four times since 2025, but all attempts failed. Notably, in October 2025, after rising to $50.15, it sharply declined, recording a drop of approximately 59%, indicating that caution regarding this level remains high. Therefore, $50 is recognized as a typical supply zone where market participants' sell orders are concentrated.

The market expects significant upside potential if this resistance level is broken. If the price stabilizes above $50, the next target is set at its previous all-time high of $59.40. The fact that strong upward momentum followed previous breakthroughs of this level supports this outlook. Conversely, if it fails to break through, a short-term price correction may be inevitable, and if overall market sentiment weakens, downward pressure could increase again.

Currently, HYPE is at a turning point that will determine its clear direction. With positive factors such as a bullish reversal signal through a Golden Cross and the maintenance of an upward structure confirmed, whether it breaks the key resistance level of $50 will likely dictate future trends. The market's anticipation is growing that once this level is surpassed, a significant portion of selling pressure will be alleviated, potentially initiating a full-fledged uptrend cycle.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*