Hyperliquid Ascending Channel Structure Develops HYPE / TetherUSBINANCEUS:HYPEUSDTCoinJarHyperliquid’s price action is showing a bullish structure following a bullish engulfing move from the lower base. This initial expansion has been followed by the establishment of an ascending channel, with price respecting both the upper and lower boundaries through multiple reactions. For the channel to carry greater technical significance, three touch points are generally preferred. The current structure provides the three reactions around both channel support and resistance. As long as price continues to trade within the boundaries of the ascending channel, the local structure remains characterised by higher highs and higher lows. A continued hold above channel support could leave the upper boundary as a potential area of interest for a future retest. However, channel structures can also fail. A decisive break below channel support could weaken the current bullish structure and increase the probability of a deeper retracement or a change in short-term market character. Conversely, a sustained move above channel resistance could indicate an expansion beyond the existing range. For now, the key consideration is whether HYPE continues respecting the channel boundaries and maintaining its sequence of higher highs and higher lows. Confirmation through price action remains important before assigning greater weight to either scenario. ---------------------------------------------------------------------------------------------- Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more: http://coinjar.com/uk/risk-summary The article is an opinion expressed by the author at a point in time and does not represent the views of CoinJar UK Limited or CoinJar Australia Pty Ltd. Take care to consider the date of this article and be aware that this opinion is based on circumstances at the time of publishing. No responsibility or liability is accepted for any errors of fact or omission expressed therein. Past performance is not a reliable indicator of future results. This above article is not to be read as investment, legal or tax advice and it takes no account of particular personal or market circumstances; all readers should seek independent investment advice before investing in cryptocurrencies. We recommend you obtain financial advice before making a decision to use your credit card to purchase cryptoassets or to invest in cryptoassets.In the UK, it's legal to buy, hold, and trade crypto, however cryptocurrency is not regulated in the UK. It's vital to understand that once your money is in the crypto ecosystem, there are no rules to protect it, unlike with regular investments. You should not expect to be protected if something goes wrong. So, if you make any crypto-related investments, you're unlikely to have recourse to the Financial Services Compensation Scheme (FSCS) or the Financial Ombudsman Service (FOS) if something goes wrong. ----------------------------------------------------------------------------------------------