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Hyperliquid (HYPE) To Rise Higher? Key Bullish Pattern Formation Suggest So!

Hyperliquid (HYPE) To Rise Higher? Key Bullish Pattern Formation Suggest So!

CoinsProbeCoinsProbe2025/12/03 10:39
By:Nilesh Hembade

Date: Wed, Dec 03, 2025 | 03:45 AM GMT

The broader cryptocurrency market is showing a notable rebound following the December 1 selloff, as Bitcoin (BTC) and Ethereum (ETH) post impressive 7% and 8% 24-hour gains. This recovery has helped several altcoins bounce back — and Hyperliquid (HYPE) is among the standout movers.

HYPE is up more than 11% today, and more importantly, the chart is now showcasing a classic bullish formation that could support a strong upside continuation.

Hyperliquid (HYPE) To Rise Higher? Key Bullish Pattern Formation Suggest So! image 0 Source: Coinmarketcap

Double Bottom Pattern in Play

On the 4H chart, HYPE is developing a clear double bottom pattern — a widely recognized bullish reversal structure that typically forms after an extended downtrend.

The first bottom formed when the token dropped to the $29.30 region, followed by a sharp recovery toward the neckline at $36.54. However, the price was rejected at that level and pulled back again, retesting the same support zone around $29.30.

Hyperliquid (HYPE) To Rise Higher? Key Bullish Pattern Formation Suggest So! image 1 Hyperliquid (HYPE) 4H Chart/Coinsprobe (Source: Tradingview)

This second touch created the right shoulder of the structure, and buyers quickly stepped in, pushing the token higher to its current price near $34.40.

What’s Next for HYPE?

If the pattern continues to unfold correctly, HYPE’s next major step is a confirmed breakout above the neckline at $36.56. A clean close above this level — ideally supported by a volume spike — followed by a successful retest, would fully activate the double bottom setup.

Should that happen, HYPE could extend toward its projected technical target near $41.78, representing a 21% gains from the current price and continuation of current momentum.

For now, HYPE’s market structure looks constructive and reclaiming the 200-MA ($37.59) on the 4H chart would further strengthen the structure and provide additional confidence for bullish traders watching for confirmation.

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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.

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