Anticipated Increase in Hyperliquid (HYPE) Price: Bullish Ascending Triangle Pattern Suggests Potential 30% Rise Reaching $65
In the dynamic world of cryptocurrencies, one altcoin has been consistently making waves - Hyperliquid. Analyst Jesse Peralta has identified a significant technical pattern on Hyperliquid's chart, an ascending triangle, which suggests a potential breakout.
The ascending triangle pattern is characterised by price making consistent higher lows against a firm horizontal resistance. If this pattern is achieved, the $65 zone would not just mark a technical extension but also align with the broader narrative of Hyperliquid's strengthening fundamentals.
Hyperliquid, one of the strongest altcoins in the crypto market, has shown remarkable resilience on the charts, even during broader market pullbacks. The token has captured 36% of all blockchain revenue, a testament to its robust performance.
The token has demonstrated resilience around key support zones while steadily respecting higher lows on the chart, a structure that usually signals underlying strength. A clean move through the $55 to $60 resistance zone could open the way for momentum to extend towards the $90 to $100 range.
Despite Hyperliquid's technical strength and strong fundamentals, the token remains priced under $50. However, many analysts see a bigger move ahead, citing reasons such as the strong chart structures, ascending triangles, higher lows, and clean support zones.
Hyperliquid has recently announced the launch of its native stablecoin, $USDH. This move signals deeper ecosystem growth and adds fresh utility to support Hyperliquid's bullish momentum. The launch of $USDH could further strengthen Hyperliquid's position and have a positive impact on the HYPE token price.
Moreover, there is $5M daily buy pressure driven by consistent demand for HYPE. The steady buybacks, dominance in blockchain revenue, and the $USDH launch all point to a model built for long-term sustainability.
Growing adoption of Hyperliquid is another notable factor. The cryptocurrency is developed by a self-financed team that works independently of external capital providers and has developed its own Layer-1 Blockchain with the proprietary consensus mechanism HyperBFT to ensure high speed and scalability.
Despite the current price of Hyperliquid at $47.84, down -2.15% in the last 24 hours, the measured move in the ascending triangle pattern points towards a $65 target if buyers manage to clear the ceiling around $50. A breakout with volume through $50 would confirm the target projection.
Holding the trendline support near $44 to $45 keeps the structure intact. The launch of $USDH by Hyperliquid, its strong technical performance, and growing fundamentals suggest that the market may still be underpricing the HYPE price, but the foundation for expansion is already in place.
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