Hyperliquid: Navigating Key Support and Resistance Levels in an Ascending Channel

Hyperliquid’s price action remains confined to a clear ascending channel on the daily timeframe. The current structure offers traders precise support and resistance levels, prompting key entry and exit strategies. Traders looking for long positions are encouraged to enter near the lower boundary of $41–$42, where favorable risk-to-reward potential exists. On the other hand, the channel’s upper boundary around $52–$54 holds as a profit-taking zone. ]