logo

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

By: coinsprobe|2025/05/13 17:45:04
0
Share
copy
Date: Tue, May 13, 2025 | 09:10 AM GMTThe cryptocurrency market continues to build on its recent strength, with Ethereum (ETH) leading the charge. ETH has climbed more than 51% over the past month and is now trading near the $2,450 mark — its highest level in months. This resurgence is also helping to lift sentiment across major altcoins, including Hyperliquid (HYPE).HYPE, the native token of Hyperliquid’s decentralized exchange, has posted an impressive 54% monthly gain — and now a technical pattern is hinting that another leg up might be just around the corner.Source: CoinmarketcapElliott Wave Impulse Pattern Signals More UpsideOn the 4-hour timeframe, HYPE is showing a classic 5-wave Elliott impulse structure in progress and has already rallied by 46%. The current wave count suggests that after pulling back from the Wave C high of $26.56, Wave D has likely completed near the $23.32 level — and now Wave E could be gearing up for another strong move to the upside.Hyperliquid (HYPE) 4H Chart/Coinsprobe (Source: Tradingview)This pullback appears healthy and sets the stage for Wave E — the potential final push in this upward cycle. If the current wave count holds, Wave E could launch HYPE toward the $30–$31 region, representing another 21% gain from current price levels near $24.88.This projection also aligns with a 1.0 Fibonacci extension level taken from the B-C-D wave sequence — a common extension target for Wave E in Elliott Wave theory. The pattern, combined with the strong market sentiment and bullish structure, suggests HYPE may still have room to run — especially if it breaks above the $26.56 resistance area with strong volume.As shown in the chart, the final wave (E) could complete the 5-wave cycle, which often leads to either a larger correction or a consolidation phase. Until then, traders may want to keep an eye on the $30.31 level as a potential near-term target.Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.

You may also like

The Evolutionary History of Contract Algorithms: A Decade of Perpetual Contracts, the Curtain Has Yet to Fall

The ten-year evolution of perpetual contracts: from pulling the plug on 312 to the shocking short squeeze of TRB, a deep dive into the pricing machine that averages $200 billion daily, written with countless liquidations and real money, detailing the blood and tears of risk control theory.

Kicked out by PayPal, Musk aims to make a comeback in the cryptocurrency market

Cashtags generated a trading volume of 1 billion dollars just a few days after its launch, marking a strong start for Musk's super app strategy. For the cryptocurrency market, X's layout may be one of the most anticipated sources of retail growth after the meme coin craze subsides.

Solana ETF News: What Is a Solana ETF and Why Is Goldman Sachs Betting $108 Million on SOL?

Solana ETF news today shows Goldman Sachs disclosed a $108M position while total SOL ETF inflows reached $1.45B. Analysts now expect up to $6B in institutional demand as Solana trades 71% below its all-time high.

Bitcoin ETF News Today: $2.1B Inflows Signal Strong Institutional Demand for BTC

Bitcoin ETFs news recorded $2.1B inflows over 8 consecutive days, marking one of the strongest recent accumulation streaks. Here’s what the latest Bitcoin ETF news means for BTC price and whether the $80K breakout level is next.

Michael Saylor: Winter is Over – Is He Right? 5 Key Data Points (2026)

Michael Saylor tweeted yesterday “Winter‘s Over.” It is short. It is bold. And it has the crypto world talking.

But is he right? Or is this just another CEO pumping his bags?

Let us look at the data. Let us be neutral. Let us see if the ice has really melted.

WEEX Bubbles App Now Live Visualizes the Crypto Market at a Glance

WEEX Bubbles is a standalone app designed to help users quickly understand complex crypto market movements through an intuitive bubble visualization.

Popular coins

Latest Crypto News

Read more