The next Solana moment! Hyperliquid Token HYPE's technical indicators point to a 240% breakout.

Original Title: What's the HYPE about? Hyperliquid's 'Solana' moment eyes 240% gains

Original author: Yashu Gola

Source of the original text:

Compiled by: Daisy, Mars Finance

Hyperliquid token HYPE replicates the explosive trend of Solana in 2021, with a potential surge of 240% before July.

Key Points:

• HYPE is recreating the breakthrough pattern of Solana in 2021, and technical indicators suggest a potential 240% increase before July.

• Similar cryptocurrency asset trend patterns suggest that HYPE may trigger a momentum-driven frenzy of the same type.

• The early breakout pattern of Hyperliquid's native token closely resembles that of Solana before its explosion in early 2021 (which subsequently surged by 300%).

HYPE price trend replicates Solana model, with a target increase of 240% in July.

In January 2021, Solana broke through its long-term consolidation range as market enthusiasm accelerated. This breakout was marked by a decisive move above the key Fibonacci retracement levels, and subsequently, SOL surged vertically from $4.9 to $19 (4.618 Fibonacci level) within two months, an increase of 291%.

SOL/USD daily price chart. Source: TradingView

By May 2025, the daily chart of HYPE shows a remarkably similar bullish structure to Solana — after rebounding 270% from a low of $10 in April, the current price stabilizes above the 0.0 Fibonacci level. On May 23, HYPE broke through the 1.0 Fibonacci level ($35.88), perfectly replicating the movement of SOL at the early stages of its explosion in 2021.

HYPE/USD daily price chart. Source: TradingView

It is worth noting that the Relative Strength Index (RSI) of HYPE has entered a heavily overbought zone (above 84), which indicates short-term risks, but also confirms the strength of the current momentum, which is similar to the RSI characteristics of Solana's 2011 breakout. If the pattern continues, the 1.618 Fibonacci extension at $51.68 will be the next target, while the 4.618 level at $128 could be the peak of the potential rally, up 240% from the $35 breakout range.

Analyst: Hyperliquid = Solana + FTX Complex

Famous analyst Ansem pointed out that Hyperliquid's vision is highly aligned with the early cooperative goals of Solana and FTX: to create a high-performance, low-cost crypto trading experience. He emphasized that, unlike FTX's centralized architecture, Hyperliquid is entirely built on-chain. Ansem specifically mentioned that 97% of the platform's trading revenue is directly returned to HYPE holders, and this fundamental will drive the token to "hit an all-time high very soon."

From the perspective of market psychology, traders are often attracted to familiar and validated successful patterns. In 2017, Ethereum almost perfectly replicated the entire cycle of Bitcoin's parabolic top - retracement - and oscillating recovery from 2013.

BTC/USD 和 ETH/USD fractal 比较图。来源：TradingView

When traders realize that HYPE is recreating the trajectory of Solana in 2021 both technically and fundamentally, this awareness will reinforce bullish sentiment and attract speculators to bet on the arrival of the next "Solana moment."