Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
HYPE Coin Mirrors Solana’s 2021 Breakout, Suggesting Possible 240% Rally by July

HYPE Coin Mirrors Solana’s 2021 Breakout, Suggesting Possible 240% Rally by July

CoinotagCoinotag2025/05/24 16:00
By:Jocelyn Blake
  • The cryptocurrency market is abuzz as Hyperliquid’s native token, HYPE, reflects the explosive breakout trend first seen with Solana in 2021, suggesting a possible surge ahead.

  • Analysts are drawing parallels between HYPE’s price movement and Solana’s, indicating that a 240% rally by July could be on the horizon.

  • According to COINOTAG, “The bullish fractals present in HYPE’s chart echo those seen prior to Solana’s significant gains, making it a token to watch.”

HYPE mimics Solana’s breakout pattern, hinting at a potential 240% rally by July as market analysts draw crucial parallels between the two tokens.

HYPE Chart Fractal Points to a 240% Rally by July

The cryptocurrency landscape is witnessing a notable shift as HYPE embodies a striking similarity to Solana’s breakout pattern from January 2021. This pivotal moment marked the start of a vigorous price movement following an extended period of market consolidation. As interest surged, Solana (SOL) broke above key Fibonacci retracement levels, catalyzing a remarkable jump from about $4.90 to approximately $19 within just two months, culminating in a staggering 291% surge.

Fast forward to May 2025, and HYPE is exhibiting a comparable bullish trajectory. Following a significant rebound from its lows of $10 in April, HYPE’s daily chart is now reflecting a robust structure. By May 23, the token managed to breach its 1.0 Fibonacci level (~$35.88), reminiscent of the early bullish movements that characterized SOL’s ascension.

Technical Indicators Mirror Early 2021 Trends

Furthermore, HYPE’s relative strength index (RSI) has entered heavily overbought territory, currently exceeding 84. While such a level typically invites caution, it also signals the strength of the rally, paralleling the circumstances during Solana’s breakout phase. If HYPE continues adhering to this fractal pattern, the next logically projected target is the 1.618 Fibonacci extension level at around $51.68. Following that, the 4.618 Fibonacci level, nearing $128, could represent the apex of this potential rally, thus creating an impressive 240% upward journey from its breakout zone near $35.

Hyperliquid: A Blend of Solana and FTX Insights

Renowned analyst Ansem notes that Hyperliquid’s vision closely mirrors the aspirational goals of both Solana and FTX during their formative partnership, proposing a high-performance, cost-effective trading ecosystem for cryptocurrencies. He emphasizes that Hyperliquid stands apart with its fully on-chain architecture as opposed to FTX’s centralized design.

Intriguingly, nearly 97% of trading revenues are redirected back to HYPE token holders, fundamentally positioning the token for a significant price increase. According to Ansem, this fundamental strength could spark a bullish trend, pushing HYPE to achieve “all-time highs soon.”

From a psychological perspective, traders are often influenced by historically successful patterns. This draws a parallel to 2017, when Ether (ETH) closely mimicked Bitcoin’s (BTC) trajectory. The recognition of a similar path in HYPE could reinforce bullish sentiment, consolidating a wave of new interest from speculators eager to partake in what they deem the next “Solana” moment.

Future Outlook for HYPE and Market Sentiment

As market participants look for the next breakout star, HYPE’s trajectories and underlying fundamentals are becoming increasingly compelling. The progressive framework of Hyperliquid coupled with its community-driven incentives may offer an appealing proposition for both new and seasoned investors.

Conclusion

In summary, HYPE is uniquely positioned to replicate Solana’s success from 2021, supported by technical indicators that suggest a formidable rally ahead. Market dynamics and investor psychology may bolster HYPE’s momentum in the coming months, providing an opportunity for substantial profit realization. As affordable and accessible trading solutions become a norm, following projects like Hyperliquid will be essential for anyone looking to navigate the ever-evolving world of cryptocurrencies.

In Case You Missed It: Base Plans Major Upgrades to Enhance Speed and Decentralization in Ethereum Layer 2 Network
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Trump Media puts $2.5 billion into Bitcoin day after denying rumors of $3 billion investment

Share link:In this post: Trump Media raised $2.5 billion to build a Bitcoin treasury through private deals with 50 investors. The money came from $1.5B in stock and $1B in convertible notes with a 35% premium. CEO Devin Nunes said Bitcoin will protect the company from financial discrimination and support future products.

Cryptopolitan2025/05/27 19:01
Trump Media puts $2.5 billion into Bitcoin day after denying rumors of $3 billion investment

Stellar (XLM) Dethrones Shiba Inu, Will It Last?

CryptoNewsNet2025/05/27 17:24
Stellar (XLM) Dethrones Shiba Inu, Will It Last?

XRP Price Prediction for May 27

CryptoNewsNet2025/05/27 17:24
XRP Price Prediction for May 27