{"id":3371,"date":"2025-06-19T10:03:08","date_gmt":"2025-06-19T10:03:08","guid":{"rendered":"https:\/\/bitunikey.com\/news\/hype-could-rally-by-80-if-this-key-support-holds\/"},"modified":"2025-06-19T10:03:09","modified_gmt":"2025-06-19T10:03:09","slug":"hype-could-rally-by-80-if-this-key-support-holds","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/hype-could-rally-by-80-if-this-key-support-holds\/","title":{"rendered":"HYPE could rally by 80% if this key support holds"},"content":{"rendered":"
\n

HYPE could see an 80% upside move if it follows through on a bullish setup targeting the 1.618 Fibonacci extension.<\/p>\n

According to data from crypto.news, Hyperliquid (HYPE) was trading at $37.96, 270% above its year-to-date lows, with a market capitalization of $12.6 billion.<\/p>\n

The token reached an all-time high of $45.57 earlier this week, buoyed by significant traction across the Hyperliquid Layer-1 ecosystem.<\/p>\n

While the broader crypto market has recently turned risk-off due to escalating geopolitical tensions and the Federal Reserve\u2019s decision to keep interest rates unchanged, HYPE has seen a 16.7% pullback from its peak. However, the mid-term trend remains constructive.<\/p>\n

On the technical front, HYPE has maintained a bullish ascending channel since April, with price action respecting the 78.6% Fibonacci retracement level near the lower channel boundary.<\/p>\n

<\/source><\/p>\n<\/picture>
HYPE price, 20-day EMA and 50-day SMA chart \u2014 June 19 | Source: crypto.news<\/figcaption><\/figure>\n

The 20-day exponential moving average continues to rise and is currently acting as dynamic support. As long as the price remains above this level, the structure favors a continuation to the upside.<\/p>\n

A decisive rebound from current levels could trigger the next leg higher, potentially targeting the 1.618 Fibonacci extension at $68.3, up roughly 80% from the current price level.<\/p>\n

Conversely, a break below the 20-day EMA may signal short-term weakness, opening the door for a deeper correction toward the 50-day simple moving average at $31.52.<\/p>\n

<\/p>\n

Institutional investment and whale accumulation ramp up<\/h2>\n

A few bullish catalysts appear to be driving HYPE\u2019s positive outlook.<\/p>\n

First, HYPE is increasingly being eyed by institutions to build strategic on-chain treasuries centered around the token. Nasdaq-listed biotech firm Eyenovia is putting $50 million into HYPE tokens and plans to rebrand as Hyperion DeFi, while Lion Group locked in a $600 million credit line to build a treasury around HYPE, Solana, and Sui, with plans to list in Asia.<\/p>\n

Second, whales have also begun re-entering HYPE markets. According to on-chain tracking platform Lookonchain, a whale recently deposited $4 million in USDC on the Hyperliquid exchange to acquire HYPE, signaling renewed confidence among deep-pocketed holders. Such moves often influence retail sentiment and fuel broader market interest.<\/p>\n

On-chain metrics further support the bullish case. Data<\/a> from DeFiLlama shows that Hyperliquid\u2019s total value locked has surged to $2.41 billion, an increase of over 80% in the past 30 days. This uptick reflects growing user activity, adoption, and capital inflow into the ecosystem.<\/p>\n

Moreover, Hyperliquid\u2019s revenue model adds fundamental support to HYPE\u2019s valuation. The protocol directs 97% of its revenue toward token buybacks, creating consistent demand and supply-side pressure that favors long-term appreciation. Fee revenue and buyback volumes have steadily climbed<\/a> over the last six months, reinforcing the asset\u2019s bullish structure.<\/p>\n

With price holding key support levels and momentum rebuilding, HYPE remains technically positioned for continuation.<\/p>\n

<\/p>\n

\n
\n <\/use> <\/svg> <\/div>\n

\n Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. <\/p>\n<\/p><\/div>\n

<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

HYPE could see an 80% upside move if it follows through on a bullish setup targeting the 1.618 Fibonacci extension. According to data from crypto.news, Hyperliquid (HYPE) was trading at…<\/p>\n","protected":false},"author":1,"featured_media":634,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3371","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/3371","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=3371"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/3371\/revisions"}],"predecessor-version":[{"id":3372,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/3371\/revisions\/3372"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/634"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=3371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=3371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=3371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}