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.
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.
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.
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 are advised to exercise caution, conduct independent research, and make decisions aligned with their individual risk tolerance.
The opinions and market insights shared on CoinsProbe represent the views of individual authors based on prevailing market conditions at the time of publication. Cryptocurrency investments carry significant risk and volatility. Readers are encouraged to conduct their own research and seek professional financial advice before making investment decisions. CoinsProbe and its contributors do not accept responsibility for financial losses or decisions made based on published content.
CoinsProbe may publish sponsored articles, affiliate links, or promotional collaborations. All sponsored material is clearly labeled to maintain transparency with our audience. Our editorial decisions remain fully independent, and advertising partnerships do not influence reviews, rankings, or published opinions.
Since 2023, CoinsProbe has delivered reliable insights on cryptocurrency, blockchain, and digital assets. Our content is created by experienced researchers and analysts who follow strict editorial standards focused on accuracy, transparency, and credibility. Every article is carefully reviewed and verified using trusted sources and current market data. We provide unbiased analysis and timely updates covering everything from emerging crypto projects to major industry developments.
