Hyperliquid (HYPE) To Rise Further? Key Pattern Signaling an Upside Move
Date: Tue, May 13, 2025 | 09:10 AM GMT
The cryptocurrency market continues to build on its recent strength, with Ethereum (ETH) leading the charge. ETH has climbed more than 51% over the past month and is now trading near the $2,450 mark — its highest level in months. This resurgence is also helping to lift sentiment across major altcoins , including Hyperliquid (HYPE).
HYPE, the native token of Hyperliquid’s decentralized exchange, has posted an impressive 54% monthly gain — and now a technical pattern is hinting that another leg up might be just around the corner.

Elliott Wave Impulse Pattern Signals More Upside
On the 4-hour timeframe, HYPE is showing a classic 5-wave Elliott impulse structure in progress and has already rallied by 46%. The current wave count suggests that after pulling back from the Wave C high of $26.56, Wave D has likely completed near the $23.32 level — and now Wave E could be gearing up for another strong move to the upside.

This pullback appears healthy and sets the stage for Wave E — the potential final push in this upward cycle. If the current wave count holds, Wave E could launch HYPE toward the $30–$31 region, representing another 21% gain from current price levels near $24.88.
This projection also aligns with a 1.0 Fibonacci extension level taken from the B-C-D wave sequence — a common extension target for Wave E in Elliott Wave theory.
The pattern, combined with the strong market sentiment and bullish structure, suggests HYPE may still have room to run — especially if it breaks above the $26.56 resistance area with strong volume.
As shown in the chart, the final wave (E) could complete the 5-wave cycle, which often leads to either a larger correction or a consolidation phase. Until then, traders may want to keep an eye on the $30.31 level as a potential near-term target.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
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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