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Sindhu

06/19 08:32

HYPE could rally by 80% if this key support holds

HYPE could rally by 80% if this key support holdscrypto-news-Hyperliquid-option02-1380x820.webp

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 Hyperliquidhype-6.35%Hyperliquid was trading at $37.96, 270% above its year-to-date lows, with a market capitalization of $12.6 billion.

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

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

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