Hyperliquid (HYPE) To Rise Further? Key Harmonic Pattern Signaling an Upside Move
By: coinsprobe|2025/05/02 20:30:01
0
Share
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.
You may also like

Daily Observation of Cryptocurrency Concept Stocks: Nasdaq Bets on Stocks on the Blockchain, Strategy Buys Another 17,994 BTC, ETH Treasury Stocks Enter Production Period
Traditional exchanges are beginning to embrace stock tokenization, while BTC treasury companies continue to increase their holdings through capital market instruments. ETH treasury companies, beyond Bitcoin, are also starting to validate the "holding + earning interest" balance sheet logic.

One-click onboarding to RootData, allowing project information to be accurately presented on over 200 platforms including Binance Wallet, Gate, TP, and more
Exchanging disclosure for trust, transparency is no longer a cost of the project, but a core asset for long-termists.

To the Builders who are still persevering in the crypto industry
Kydo deeply reflects on the dilemmas of the cryptocurrency industry: bidding farewell to the false prosperity of "selling infrastructure to developers" and proposing a new paradigm of using programmable capital to provide growth fuel for AI Agent companies.

Oil Price Cools Off, Crypto Bounces Back
Why Oil and Bitcoin Prices Always Move in Opposite Directions

a16z Releases Top 100 AI Applications List, Models Are Moving Out of the Browser and App
With the rise of video creation, Agent tools, and AI browsers, AI is evolving from a chat product into a new platform and operating environment.

If you only follow the news, you may have misconstrued this Iran conflict
With a Narrative-Driven Agenda, Western Media Falsifies War Coverage

ERC-8183: Write a Rule for a $3M On-Chain Agent Business
Before running in the Wild West of three million dollars, today, the rules have been written

AI Mistakenly 'Tips' $260,000, Makes It All Back in 24 Hours
AI Awakening seems to be really happening: they have already started to learn how to earn money on their own, and their money-earning ability may even surpass that of humans.

Arthur Hayes: Why is HYPE a 5x Moonshot?
Arthur Hayes' price target for HYPE in August 2026 is $150.

OpenClaw Money-Saving Strategy: Saving Two Thousand a Month - What Am I Doing Right?
Don't Keep Replaying Old Stuff

a16z: Making a $2 Billion Bet on the Next Dawn of Web3
What did the Inarticulate Geniuses See This Time?

Trade to Earn Series IV: WEEX Launches Up to 40% Real-Time Futures Fee Rebates
Trade futures on WEEX and earn up to 40% real-time fee rebates. Trade to Earn Series IV lets you accumulate WXT rewards while reducing trading costs.
WEEX AI Hackathon Champions Crowned, Revealing Future of AI Trading
The first-ever WEEX AI Hackathon has concluded, with 10 winners emerging from over 200 global teams. Beyond its $1.8 million prize pool, the event marked a milestone—proving that the future of AI trading belongs to accessible, AI-powered innovation.

View: No Hype, No FUD, I Rate OpenClaw at 65 Points
If you approach lobster with a "get rich quick" or "lead Web 4.0" mindset, you will surely be disappointed.

Single-day Oil Price Plunge Exceeds 30%, Copilot Cowork Feature Launched, What Is the English-Speaking Community Talking About Today?
What Have Foreigners Been Most Interested in the Last 24 Hours?

The Agent Spend Safely thing has already taken off
Every shift in platform paradigm brings forth a new wave of merchants that existing payment systems cannot cater to.

After the rise in the stablecoin's status, long-time partners Circle and Stripe vie for dominance
A Stablecoin On-Chain "Middle Path Encounter".

WEEX Trade to Earn: Turn Futures Trading into Instant WXT Rewards
Join WEEX Trade to Earn and earn instant WXT rebates on every futures trade. Boost rewards with referrals and tasks. Trade more, earn more on WEEX exchange.
Daily Observation of Cryptocurrency Concept Stocks: Nasdaq Bets on Stocks on the Blockchain, Strategy Buys Another 17,994 BTC, ETH Treasury Stocks Enter Production Period
Traditional exchanges are beginning to embrace stock tokenization, while BTC treasury companies continue to increase their holdings through capital market instruments. ETH treasury companies, beyond Bitcoin, are also starting to validate the "holding + earning interest" balance sheet logic.
One-click onboarding to RootData, allowing project information to be accurately presented on over 200 platforms including Binance Wallet, Gate, TP, and more
Exchanging disclosure for trust, transparency is no longer a cost of the project, but a core asset for long-termists.
To the Builders who are still persevering in the crypto industry
Kydo deeply reflects on the dilemmas of the cryptocurrency industry: bidding farewell to the false prosperity of "selling infrastructure to developers" and proposing a new paradigm of using programmable capital to provide growth fuel for AI Agent companies.
Oil Price Cools Off, Crypto Bounces Back
Why Oil and Bitcoin Prices Always Move in Opposite Directions
a16z Releases Top 100 AI Applications List, Models Are Moving Out of the Browser and App
With the rise of video creation, Agent tools, and AI browsers, AI is evolving from a chat product into a new platform and operating environment.
If you only follow the news, you may have misconstrued this Iran conflict
With a Narrative-Driven Agenda, Western Media Falsifies War Coverage