Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Hyperliquid (HYPE) Approaches Key Pattern Completion – What Could Come Next?

Hyperliquid (HYPE) Approaches Key Pattern Completion – What Could Come Next?

CoinsProbeCoinsProbe2025/06/12 04:16
By:Nilesh Hembade

Date: Wed, June 11, 2025 | 06:50 AM GMT

The cryptocurrency market has staged an impressive rebound this quarter, with Ethereum (ETH) leading the charge. After climbing over 53% in Q2, ETH is now trading near $2,800, having recently touched a high not seen since February. This renewed momentum is sparking fresh interest across the major altcoins — including Hyperliquid (HYPE).

HYPE has jumped over 8% in the past 24 hours and has now posted a staggering 69% gain over the last month. However, while the rally has been strong, a closer look at the technical setup shows that the token may be reaching a potential turning point.

Hyperliquid (HYPE) Approaches Key Pattern Completion – What Could Come Next? image 0 Source: Coinmarketcap

Bearish Butterfly in Play

The 4-hour chart reveals that HYPE is nearing the completion of a Bearish Butterfly harmonic pattern — a classic technical setup known for indicating short-term exhaustion in uptrends. This pattern typically warns of a possible correction once price reaches the final D-point.

As illustrated on the chart, the D-point of the Butterfly is forming near $42.51, aligning perfectly with the 1.272 Fibonacci extension of the XA leg — a level often considered the “Potential Reversal Zone” (PRZ).

Hyperliquid (HYPE) Approaches Key Pattern Completion – What Could Come Next? image 1 Hyperliquid (HYPE) 4H Chart/Coinsprobe (Source: Tradingview)

At the time of writing, HYPE is trading around $42.48, meaning it has effectively touched the critical resistance zone. If the bearish harmonic setup plays out, the token could see a local pullback.

Key Levels to Watch

Upside Target: If bullish momentum overpowers the PRZ, HYPE could stretch further toward the 1.618 extension level at $45.74, suggesting another leg higher before any meaningful reversal.

Downside Support: If the pattern triggers a correction, traders will be watching the 38.2% Fibonacci retracement of the C to D leg, which sits around $38.63. This marks a potential 9% decline from the current price and is often a strong support area for a technical rebound.

What’s Next for HYPE?

While the broader trend remains bullish, short-term caution is advised as HYPE enters a historically sensitive zone. A clean break above $42.50 with strong volume could invalidate the bearish pattern and open the door for a continuation toward $45+. On the flip side, a rejection from current levels could trigger a healthy pullback toward $38 before the next move.

Traders and investors should monitor price action closely in the coming hours to confirm direction.

Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.

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

Florida Senator Embraces Bitcoin Strategic Reserve

Florida Sen. Joe Gruters backs Bitcoin Strategic Reserve, calling state "open for business" on crypto.A Lawmaker Champions Bitcoin in FloridaWhat the Bitcoin Strategic Reserve Could MeanFlorida’s Crypto-Friendly Reputation

Coinomedia2025/06/15 15:00
Florida Senator Embraces Bitcoin Strategic Reserve

Vietnam Legalizes Crypto Under New Digital Tech Law

Vietnam approves landmark Law on Digital Technology, legalizing crypto assets from Jan 1, 2026.Legal Recognition of Crypto AssetsA Regulated Framework Comes into ForceBoosting Tech EcosystemWhy It MattersWhat to Expect Next

Coinomedia2025/06/15 15:00
Vietnam Legalizes Crypto Under New Digital Tech Law

Presale Investors Target Early Bird Opportunity On Nexchain To Beat XRP And ADA

Nexchain leads 2025’s crypto presale scene with AI blockchain tech, $4.3M raised, and 429% ROI potential. Discover why it's the top presale crypto to buy now.Nexchain: AI Blockchain Leading The Crypto Presale MarketXRP: Legal Battle Keeps Traders On EdgeADA: Whale Accumulation Signals Long-Term ConfidenceFinal Words: Nexchain Dominates The Crypto Presale List

Coinomedia2025/06/15 15:00
Presale Investors Target Early Bird Opportunity On Nexchain To Beat XRP And ADA