Unraveling the HYPE: Will Hyperliquid Soar Like Solana? 🚀

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Key takeaways:

  • Ah, the sweet scent of HYPE! It dances in the air, mimicking Solana’s glorious breakout of 2021, with dreams of a 240% rally by July. Who wouldn’t want a piece of that pie? 🥧

  • Crypto fractals, those mystical patterns, whisper that HYPE might just ignite a similar frenzy. Buckle up, folks! 🎢

Behold! Hyperliquid’s native token, HYPE, is strutting its stuff, flaunting a price structure that closely resembles Solana’s (SOL) early 2021 breakout—yes, the one that led to a jaw-dropping 300% rally. Talk about déjà vu! 😲

HYPE chart fractal targets 240% rally by July

Cast your minds back to January 2021, when Solana burst forth from a long slumber, just as the market’s interest began to bubble like a pot on the stove. 🍲

This breakout, marked by a bold leap above key Fibonacci retracement levels, sent SOL soaring to the 4.618 Fib retracement line at around $19 from a mere $4.90 in less than two months—an astonishing 291% surge! Who needs a magic carpet when you have crypto? 🧞‍♂️

Fast forward to May 2025, and HYPE’s daily chart is flaunting the same bullish structure after a dazzling 270% rebound from $10 lows in April, aligning perfectly with its 0.0 Fibonacci retracement line. Coincidence? I think not! 🤔

On May 23, HYPE broke above its 1.0 Fibonacci retracement level (~$35.88), echoing the early stages of SOL’s explosive run in 2021. It’s like watching a sequel to a blockbuster movie! 🎬

Moreover, the relative strength index (RSI) for HYPE has entered the realm of the overbought (above 84). While this may scream caution in the short term, it also highlights the strength of the current momentum—much like Solana’s RSI profile during its breakout. It’s a wild ride, folks! 🎢

If HYPE continues to follow this fractal, the 1.618 Fibonacci extension level near $51.68 seems to be the next logical target. And beyond that, the 4.618 level at around $128 could mark the peak of this potential rally—a 240% move from its recent breakout zone near $35. Who’s ready to ride this wave? 🌊

Hyperliquid is like Solana and FTX combined — analyst

Our beloved analyst and commentator Ansem points out that Hyperliquid’s vision is akin to what Solana and FTX aimed to create during their early partnership: a high-performance, low-cost crypto trading experience. Sounds fancy, right? 💼

He argues that, unlike FTX’s centralized architecture, Hyperliquid is fully on-chain. It’s like comparing a horse-drawn carriage to a sleek sports car! 🏎️

Nearly 97% of all trading revenue flows directly back to HYPE tokenholders, Ansem noted, adding that such fundamentals will help the Hyperliquid token reach “all-time highs soon.” It’s like a never-ending buffet for tokenholders! 🍽️

Psychologically, traders are often drawn to familiar and previously successful patterns. In 2017, Ether (ETH) mirrored Bitcoin’s (BTC) 2013 arc almost identically, from the parabolic blow-off top to the retracement and range-bound recovery phase. History loves to repeat itself! 📚

When traders recognize that HYPE could be repeating Solana’s 2021 trajectory, both visually and fundamentally, it may reinforce bullish conviction and attract speculators hoping to catch the next “Solana” moment. Grab your popcorn, folks! 🍿

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2025-05-25 14:23