Date: Sun, Oct 19, 2025 | 03:10 AM GMT
The cryptocurrency market is showing mild weekend relief after a choppy week, with both Bitcoin (BTC) and Ethereum (ETH) trading slightly in the green. Amid this modest recovery, several altcoins are displaying strength — and Hyperliquid (HYPE) is one of the standouts.
The token is posting steady gains today, and its technical setup suggests the rally may have more room to run. A key harmonic pattern forming on HYPE’s chart is pointing toward a potential upside continuation in the short term.
Bearish Gartley Pattern in Play?
On the 4-hour chart, HYPE appears to be forming a Bearish Gartley harmonic pattern, a structure often associated with potential reversal zones. Interestingly, while the pattern’s name implies a “bearish” setup, the completion of its final leg (point D) can actually trigger a short-term bullish reaction before any deeper correction takes place.
The pattern started near Point X ($51.44), followed by a sharp decline to Point A, a rebound toward Point B, and then a corrective move lower to Point C ($33.28). After touching that low, HYPE began to show signs of recovery, now consolidating around $36.44 as traders await the next decisive move.
Adding to the confluence, HYPE’s 50-hour moving average (MA) — currently hovering near $38.13 — is acting as a key resistance level. A confirmed breakout and sustained hold above this MA could validate a shift in market structure, potentially turning it into a solid support zone for the next leg up.
What’s Next for HYPE?
For the bullish scenario to remain valid, HYPE needs to maintain support along the CD leg while gradually reclaiming levels above the 50-hour MA. If this move plays out, the harmonic structure projects a possible advance toward the Potential Reversal Zone (PRZ), located between $46.68 and $51.44, aligning with the 0.786 to 1.0 Fibonacci retracement levels.
This range represents an estimated 40% potential upside from current prices, indicating that HYPE could be gearing up for a meaningful rebound — especially if broader market sentiment continues to stabilize.
However, traders should remain cautious. A breakdown below $33.28 would invalidate the pattern, signaling that further consolidation or downside pressure could follow before any sustained move higher.
Disclaimer: The views and analysis presented in this article are for informational purposes only and reflect the author’s perspective, not financial advice. Technical patterns and indicators discussed are subject to market volatility and may or may not yield the anticipated results. Investors should exercise caution, perform independent research, and make decisions aligned with their individual risk tolerance.
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