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 counsel HYPE might spark related momentum-driven hype.
Hyperliquid’s native token, HYPE, is mirroring a strikingly related value 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 part 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 beneath two months, marking a 291% surge.
Quick ahead to Could 2025, HYPE’s every day chart is exhibiting 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 degree (~$35.88), echoing the early levels of SOL’s explosive run in 2021.
Furthermore, the relative strength index (RSI) for HYPE has entered deeply overbought territory (above 84), which, whereas suggesting warning within the brief time period, additionally underscores the power of the present momentum, very similar to Solana’s RSI profile throughout its 2021 breakout.
If HYPE continues to observe this fractal, the 1.618 Fibonacci extension degree close to $51.68 seems to be the following logical goal. Past that, the 4.618 degree 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, not like FTX’s centralized structure, Hyperliquid is totally 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 virtually identically, from the parabolic blow-off high to the retracement and range-bound restoration part.
When traders acknowledge that HYPE might be repeating Solana’s 2021 trajectory visually and essentially, it might reinforce bullish conviction and attract speculators hoping to catch the following “Solana” second.
This text doesn’t comprise funding recommendation or suggestions. Each funding and buying and selling transfer entails threat, and readers ought to conduct their very own analysis when making a call.
