- HYPE was trading within a bullish flag pattern, signaling a possible breakout toward $50.
- Key indicators, including rising Total Value Locked (TVL), suggested that the market rally was gaining momentum.
Over the past 24 hours, Hyperliquid [HYPE] recorded a significant price swing of 14.67%, reclaiming the $26 range—last seen in early January. This followed a brief monthly decline of 6.09%.
Current market trends and strong bullish alignment indicated further upward momentum, positioning HYPE for continued gains in the coming weeks.
HYPE’s final countdown
The final stage of the bullish flag pattern—a rally followed by consolidation and a concluding price surge—has begun unfolding for HYPE. This classic technical formation positions the asset for a potential breakout.
Since its launch, HYPE has surged by 257.03%, followed by a consolidation phase within well-defined support and resistance levels. Recently, HYPE broke out of this range, entering the final leg of the pattern.
If the pattern holds, HYPE could mirror its initial rally, climbing another 113.8% to approximately $48.3, setting a new all-time high.
Early signs of this upward move have already emerged as HYPE breaches its consolidation level, indicating bullish momentum.
However, if HYPE fails to form higher highs and higher lows, it may slip back into its consolidation phase.
AMBCrypto’s analysis highlights strong market sentiment and positive metrics, which suggest HYPE is more likely to maintain its upward trajectory and continue making higher highs.
