Hyperliquid (HYPE) Set to Jump 70% : Here’s What’s Fueling the Surge
Hyperliquid (HYPE) cryptocurrency could soon hit a new all-time high at $68, a potential 70% increase, driven by bullish momentum and strong appetite from large investors.
Hyperliquid (HYPE) cryptocurrency could soon hit a new all-time high at $68, a potential 70% increase, driven by bullish momentum and strong appetite from large investors.
The cryptocurrency market continues to grow, attracting more investors and traders. While Bitcoin (BTC) and Ethereum (ETH) remain the flagship assets, new altcoins like Hyperliquid are now gathering attention. The recent surge in this token has attracted investors, including whales.
Following an uninterrupted bullish trend since April, the HYPE token has formed an ascending parallel channel, indicating that buyers have been in control of price movements for over two months. Although the price has slightly retraced recently due to profit taking, the technical signals remain very positive.
If HYPE can bounce firmly from this support level, it is likely to start a new upward phase to reach new all-time highs.
Large investors’ wallets have made significant profits by opening long positions on the HYPE token. These speculators seem determined to maintain their bet on the continuation of the bullish trend, despite the already achieved records.
The recent substantial long positions opened, totaling over $12 million, reflect the optimism of these whales about HYPE’s potential for further climbs.
In conclusion, HYPE’s value seems poised to gain nearly 70% to reach $68, with technical fundamentals and institutional investors’ appetite remaining very favourable. In an increasingly dynamic crypto market, it is essential to closely follow trends and whale movements to make informed decisions. HYPE is clearly one of the altcoins to watch closely in the coming weeks.
Before investing, take the time to study market trends and adjust your strategy according to your goals.
Gaston has been a writer for over 7 years and a passionate cryptocurrency enthusiast since 2020. He loves exploring the crypto ecosystem and is now dedicated to sharing his insights and discoveries through InvestX.
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