Technical analysis by The_Alchemist_Trader_ about Symbol HYPE: Buy recommendation (10/9/2025)

Hyperliquid (HYPE) continues to consolidate near $45, supported by the point of control and 0.618 Fibonacci retracement, suggesting a possible bullish reversal. Price remains stable within the $40–$45 zone, where prior accumulation occurred. Defending this region confirms demand strength, as volume inflows continue to increase. A minor dip toward the lower to clear resting liquidity before an upward rotation begins. The technical structure shows a potential higher-low formation, which could fuel continuation toward the $53 resistance. What to Expect: Maintaining structure above $45 keeps the bullish scenario intact. A decisive close above $47 would likely trigger an acceleration toward $53, confirming the next leg of the broader uptrend.