Hyperliquid's HYPE token rebounded 19.73% from the weekly low of $25.63, indicating a bullish bias in the market structure. Analysis suggests that if the price retraces to the Fibonacci zone between $27.27 and $28.17 (target price range of $38 to $42) and holds above the support level of $26.1, there is a potential buying opportunity.
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Hyperliquid's HYPE token rebounded 19.73% from the weekly low of $25.63, indicating a bullish bias in the market structure. Analysis suggests that if the price retraces to the Fibonacci zone between $27.27 and $28.17 (target price range of $38 to $42) and holds above the support level of $26.1, there is a potential buying opportunity.