Back on January 28, we discussed Hyperliquid (HYPEUSD) in detail on how price was reacting around a key support area and showed early signs of a potential rebound phase. That call correctly captured the shift in momentum, as the market has since continued to develop in line with the bullish scenario.
Hyperliquid (HYPEUSD) actually remains nicely bullish as anticipated, and there is still room for further gains within the higher-degree wave 3 structure. The broader trend continues to favor upside continuation as long as key supports remain intact.
At the moment, price action may be unfolding a short-term corrective phase, potentially forming subwave (iv) within the larger impulsive structure. If this count holds, it would suggest a temporary pullback before a bullish resumption into subwave (v) of wave “iii”, which typically represents the final extension leg of the impulsive sequence.
Overall, the structure still supports continuation higher, with corrections viewed as pauses within an ongoing bullish trend rather than a reversal signal.
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