Hyperliquid’s Solana moment is near as HYPE mirrors SOL-like 300% rally structure
The post Hyperliquid’s Solana moment is near as HYPE mirrors SOL-like 300% rally structure appeared on BitcoinEthereumNews.com.
Key takeaways: HYPE is mirroring Solana’s 2021 breakout structure, targeting a 240% rally by July. Familiar crypto fractals suggest HYPE could spark similar momentum-driven hype. Hyperliquid’s native token, HYPE, is mirroring a strikingly similar price structure to Solana’s (SOL) early 2021 breakout—one that preceded a 300% rally. HYPE chart fractal targets 240% rally by July In January 2021, Solana broke out from a prolonged consolidation phase just as marketwide interest began accelerating. The breakout, highlighted by a decisive flip above key Fibonacci retracement levels, triggered a vertical rally that saw SOL jump to the 4.618 Fib retracement line at around $19 from roughly $4.90 in under two months, marking a 291% surge. SOL/USD daily price chart. Source: TradingView Fast forward to May 2025, HYPE’s daily chart is showing the same bullish structure following its 270% rebound from $10 lows in April, aligning with its 0.0 Fibonacci retracement line. 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. HYPE/USD daily price chart. Source: TradingView Moreover, the relative strength index (RSI) for HYPE has entered deeply overbought territory (above 84), which, while suggesting caution in the short term, also underscores the strength of the current momentum, much like Solana’s RSI profile during its 2021 breakout. If HYPE continues to follow this fractal, the 1.618 Fibonacci extension level near $51.68 appears to be the next logical target. 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. Hyperliquid is like Solana and FTX combined — analyst Popular analyst and commentator Ansem highlights that Hyperliquid’s vision is very similar to what Solana and FTX aimed to build during their early partnership: a high-performance, low-cost crypto…
Filed under: News - @ May 25, 2025 10:22 pm