$20 resistance flip signals 41% upside potential

Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com HyperLiquid has flipped a major resistance level into support at $20, signaling strong bullish momentum. If this level holds, a 41% move toward $29 could be on the horizon.After a series of consistent higher lows and higher highs, Hyperliquid (HYPE) has reclaimed a major technical level: the $20 resistance. This breakout confirms that bulls are in control, with price action positioned above a previously significant ceiling. If this newly established support holds, it could fuel a substantial continuation of the current uptrend.Key technical points:Major Resistance Flip: The $20 level, previously a strong resistance, has now flipped into support.Fibonacci Confluence: The 0.618 Fib retracement aligns perfectly with the $20 SR level, offering strong support in the case of a pullback.Next Target: The next resistance lies at $29 — a 41% potential move from current levels.HyperLiquid USDT (4H) Chart, Source: TradingViewThe price action has established a new high within this trending structure, essential for maintaining bullish momentum. With a clear pattern of higher highs and higher lows, the overall structure remains intact. The breakout above $20 not only confirms bullish intent but also clears the way for additional upside — provided the level is respected during any near-term retracements.Should Hyperliquid pull back from current levels, a retest of the $20 region would be expected. Rather than signaling weakness, this would represent a classic bullish SR (support/resistance) flip — a healthy sign in trending markets. The fact that this zone coincides with the 0.618 Fibonacci retracement adds further weight to its significance. Adding further strength to this scenario is the 0.618 Fibonacci retracement, which aligns precisely with the $20 support zone. The convergence of horizontal SR and Fibonacci support significantly increases the likelihood of bulls stepping in to defend this level, making a continued rally far more probable.From a risk-reward perspective, this zone presents one of the better setups in current market conditions. A bounce from the $20 region could initiate a rally toward the next resistance at $29. If this level is reached, it would represent a 41% gain — a move that would reinforce Hyperliquid’s momentum and strengthen the overall bullish market structure.What to expect in the coming price actionIf the $20 support holds during any short-term pullbacks, the bullish structure will remain intact, increasing the likelihood of a move toward $29. Traders should watch for volume spikes and daily candle closes above $20 as key signals of continued strength. Source link