HyperLiquid Bounces From Key Fibonacci Level, Targets $53–$59

HyperLiquid has defended its $42 support zone, showing strong confluence with the 0.618 Fibonacci retracement and daily structure. Momentum suggests higher targets may be in play.

Introduction: Following a sharp correction, HyperLiquid (HLP) has stabilized near $42, which has acted as both Fibonacci and structural support. This bullish reaction now sets the stage for continuation higher.

Key Technical Points:

- Strong bounce off $42 confluence zone.
- Bullish retest confirmed after multiple defenses of support.
- Next upside targets are $53 and $59.

The $42 marker has been defended multiple times, providing confirmation of a high-confluence region. Price action reclaiming momentum from this level suggests a bullish retest is complete.

With trend structure holding, immediate upside objectives sit at $53 and possibly $59, provided the larger value area low is reclaimed. Lower timeframe structure remains constructive, showing higher lows forming, which adds strength to the bullish case.

What to Expect in the Coming Price Action:

If buyers maintain momentum, continuation toward $53 is likely. A stronger rally could push extension targets to $59, but losing $42 would shift bias back to bearish.