Key takeaways:
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HYPE is mirroring Solana’s 2021 breakout construction, concentrating on a 240% rally by July.
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Acquainted crypto fractals recommend HYPE might spark related momentum-driven hype.
Hyperliquid’s native token, HYPE, is mirroring a strikingly related worth construction to Solana’s (SOL) early 2021 breakout—one which preceded a 300% rally.
HYPE chart fractal targets 240% rally by July
In January 2021, Solana broke out from a chronic consolidation section simply as marketwide curiosity started accelerating.
The breakout, highlighted by a decisive flip above key Fibonacci retracement ranges, triggered a vertical rally that noticed SOL bounce to the 4.618 Fib retracement line at round $19 from roughly $4.90 in underneath two months, marking a 291% surge.
Quick ahead to Could 2025, HYPE’s day by day chart is displaying the identical bullish construction following its 270% rebound from $10 lows in April, aligning with its 0.0 Fibonacci retracement line.
On Could 23, HYPE broke above its 1.0 Fibonacci retracement stage (~$35.88), echoing the early levels of SOL’s explosive run in 2021.
Furthermore, the relative energy index (RSI) for HYPE has entered deeply overbought territory (above 84), which, whereas suggesting warning within the quick time period, additionally underscores the energy of the present momentum, very like Solana’s RSI profile throughout its 2021 breakout.
If HYPE continues to comply with this fractal, the 1.618 Fibonacci extension stage close to $51.68 seems to be the subsequent logical goal. Past that, the 4.618 stage at round $128 might mark the height of this potential rally, a 240% transfer from its current breakout zone close to $35.
Hyperliquid is like Solana and FTX mixed — analyst
Fashionable analyst and commentator Ansem highlights that Hyperliquid’s imaginative and prescient is similar to what Solana and FTX aimed to construct throughout their early partnership: a high-performance, low-cost crypto buying and selling expertise.
He argues that, in contrast to FTX’s centralized structure, Hyperliquid is absolutely onchain.
Almost 97% of all buying and selling income goes straight again to HYPE tokenholders, Ansem famous, including that such fundamentals will help the Hyperliquid token to achieve “all-time highs quickly.”
Psychologically, merchants are sometimes drawn to acquainted and beforehand profitable patterns.
In 2017, Ether (ETH) mirrored Bitcoin’s (BTC) 2013 arc nearly identically, from the parabolic blow-off prime to the retracement and range-bound restoration section.
When merchants acknowledge that HYPE might be repeating Solana’s 2021 trajectory visually and essentially, it could reinforce bullish conviction and attract speculators hoping to catch the subsequent “Solana” second.
This text doesn’t include funding recommendation or suggestions. Each funding and buying and selling transfer includes threat, and readers ought to conduct their very own analysis when making a call.