Hyperliquid (HYPE) To Rise Further? Key Harmonic Pattern Signaling an Upside Move

By: coinsprobe|2025/05/02 12:30:01
0
Share
copy
Date: Fri, May 02, 2025 | 12:12 PM GMTAfter a rough start to 2025, where even Ethereum (ETH) tanked by 45% in Q1, the crypto market is finally flashing signs of life. ETH has rebounded by 31% since its April 7 low — and this fresh wave of bullish momentum is now spilling over into major altcoins.One standout is HYPE, the native token of Hyperliquid’s decentralized exchange. The token has posted an impressive 47% monthly gain, trimming its year-to-date loss to just 15%. But what’s more interesting is that a classic harmonic pattern is now active on the chart — and it’s flashing a bullish continuation signal.Source: CoinmarketcapHarmonic Pattern Signals More UpsideLooking at the daily chart, a Bearish Gartley Pattern is forming, but we’re not quite at the reversal point yet. HYPE appears to be progressing along the final leg (CD) of the pattern, which still suggests more room for growth.The downtrend began around mid-February, after failing to break above the $28.47 resistance level — marked as point X. HYPE then plunged by over 67%, bottoming out near $9.29 (point C) on April 7.Hyperliquid (HYPE) Daily Chart/Coinsprobe (Source: Tradingview)Since that low, the token has been on a strong recovery path, currently trading around $20.27 and steadily marching toward point D, which completes the Gartley pattern near $24.36. If the pattern fully plays out, this would imply a potential 20% upside from the current level.What’s Next for HYPE?The $24.36 zone is key — not only does it represent the D point of the Gartley, but it also aligns with the 78.6% Fibonacci retracement level of the earlier XA leg, making it a critical resistance zone. A pullback could occur here if sellers step in.However, if HYPE breaks above this level with strong momentum, the next logical target would be a full recovery toward point X at $28.47, which is still 41% higher than the current price.Final ThoughtsWith strong technical recovery and a bullish pattern unfolding, HYPE could continue to benefit from the broader market rebound. Traders should closely monitor price action around the $24.36 zone to gauge whether this breakout rally has more fuel in the tank.Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.

-- Price

--

You may also like

Why Tokenized Stocks Are Booming in 2026 While Crypto Is Still Struggling

Why are tokenized stocks booming while the crypto market struggles? Explore the latest 2026 data, institutional adoption, and what it means for traders.

From Pump.fun to Collector Crypt: Has Solana's income throne changed hands?

The revenue from consumer applications on Solana is no longer solely reliant on meme coin issuance, but is gradually spreading to more consumption scenarios.

Looking at Stripe's ambitions and the future of stablecoins from OUSD

Stripe enters the stablecoin network battle with OUSD, a comprehensive look at the third paradigm evolution of digital dollars and the new infrastructure for global payments in the AI era.

Do you want to buy CRCL?

A detailed breakdown of Circle's business fundamentals and valuation logic: The panic over OUSD and the market correction have triggered a short-term mispricing, presenting an opportunity for left-side positioning and legislative speculation below $60.

Wosh: Inflation has cooled in recent weeks, AI is reshaping the economy, and forward guidance has lost its necessity

Federal Reserve Chairman Waller clearly stated at the ECB forum that the Fed will abandon forward guidance on interest rates, with future decisions relying entirely on real-time economic data. He noted that inflation risks in the U.S. have decreased over the past four weeks, but the ultimate impact ...

The most secretive AI winner

A century-old company that sells toilets and produces MSG has seen its stock price soar by "positioning" core materials for AI chips. This article clarifies the explosive opportunities for domestic substitution of semiconductor materials in the A-share market.

Contents

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com