Hyperliquid (HYPE) Price Prediction for August 11

Key Points

1. HYPE price rebounded from an August low of $35.53 and is consolidating at $43.57, facing resistance at $44.40.

2. Key resistance levels beyond $44.40 are $46.81 (0.786 Fib) and $49.88, while support levels are at $42.72, $41.03, and $38.48.

3. A daily close above $44.40 would confirm a bullish breakout, targeting $46.81 and $49.88, while a break below $42.72 could lead to a bearish move towards $41.03–$40.75.

4. The Parabolic SAR at $36.41 marks a key invalidation zone for higher-timeframe longs, and a break below $38.48 would shift the daily structure bearish.

5. Market indicators show weak directional conviction, with the DMI reading at +DI 15.83, -DI 15.17, and ADX 23.32, and the MACD histogram barely positive at 0.009.