Hyperliquid (HYPE) To Rise Higher? Key Fractal Signaling an Upside Move

Date: Mon, May 05, 2025 | 04:25 AM GMT

After 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 28% 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 71% monthly gain, trimming its year-to-date loss to just 14%. But what’s catching the market’s attention even more is that HYPE’s recent price action is beginning to mirror a historical fractal — the same one that preceded Avalanche’s (AVAX) explosive rally in 2021.

Source: Coinmarketcap

HYPE Chart Mirrors AVAX’s Legendary Breakout

A side-by-side comparison of HYPE’s current daily chart and AVAX’s 2021 cycle (see chart below) reveals a striking similarity in structure.

In 2021, AVAX underwent a prolonged consolidation phase beneath a descending resistance line, followed by a rounding bottom formation. Once AVAX broke out of that structure, it triggered a powerful bull run, resulting in over 700% gains in just a few months.

Likewise, HYPE had been trending down beneath a similar descending resistance for months. After bottoming at $9.32, the token has decisively broken out of that trendline and is now trading around $20.41, signaling the potential start of a new bullish leg.

What’s Next for HYPE

While technical fractals aren’t foolproof indicators, they often reflect repeating patterns in market psychology. If HYPE continues to follow the AVAX-style trajectory, a move toward $40-$42 isn’t out of the question in the coming weeks or months.

Moreover, as confidence returns to the altcoin space and liquidity begins to rotate back into higher-beta assets, HYPE could find itself in a favorable position to ride the momentum wave — especially with the chart structure now aligning with one of the most iconic breakouts in recent crypto history.

Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.