Hyperliquid Positions for $60 Fibonacci Extension

Hyperliquid continues to build on its bullish momentum, with price action forming consecutive higher highs and higher lows. The next technical target sits at $60, aligning with the 0.618 Fibonacci extension.

Hyperliquid has stood out as one of the strongest trending altcoins, maintaining an orderly bullish structure. Price is currently trading near the upper echelons of its range, with clear technical confluence pointing toward a move into the $60 level. The sustainability of this rally depends on whether support zones beneath can hold.

Key Technical Points:

Consistent higher highs and higher lows maintain bullish momentum.

Price trading near the upper band of its range.

$60 target aligns with Fibonacci extension confluence.

The structure of Hyperliquid’s chart remains impressive, with buyers consistently stepping in to defend support. This pattern of higher lows signals persistent demand, while higher highs confirm momentum continuation. Price is now pressing near the top of its range, where many traders expect resolution toward the $60 extension target.

The Fibonacci extensions of the current impulse leg reinforce this target, with the 0.618 level providing a strong technical anchor. Historically, this zone has acted as both resistance and a magnet for continuation moves. Should the trend maintain its rhythm, the probability of a test of $60 in the short term remains high.

Traders should, however, remain aware of potential consolidations or retracements. A failure to hold support could open the door for a pullback into mid-range levels, though such dips would likely be seen as opportunities in a bullish context.

What to Expect in the Coming Price Action:

Hyperliquid is poised for a potential move into $60, provided bullish structure remains intact. Volume confirmation will be key in sustaining this momentum, with support retests likely to define the pace of the move.