- Hyperliquid (HYPE) surged over 17% in the last 24 hours as the crypto market recovers from 'Black Monday' triggered by Trump's aggressive tariffs policy.
- HYPE's current chart pattern mirrors Avalanche's (AVAX) 2021 cycle, which featured consolidation under a descending trendline followed by a 700%+ rally.
- Both tokens established similar base levels around key support zones before breaking out, with HYPE recently finding support near $10.
- If the fractal pattern continues, HYPE could potentially rally to $50 as it appears to be in the early stages of a strong bull run.
Date: Tue, April 08, 2025 | 09:10 AM GMT
After enduring “Black Monday” triggered by Trump’s aggressive tariffs policy, the cryptocurrency market is showing early signs of recovery. Both Bitcoin (BTC) and Ethereum (ETH) have bounced back with gains of 3% and 4% respectively, restoring some confidence across the board.
Among the altcoins, Hyperliquid (HYPE) has emerged as a notable performer, with an impressive surge of over 17% in the last 24 hours. But what’s catching the market’s attention even more is that HYPE’s recent chart movement is starting to mirror a historical fractal that once led to a monumental rally — Avalanche (AVAX) in 2021.
HYPE Chart Mirrors AVAX’s Past Price Behavior
The comparison between HYPE’s current daily chart and AVAX’s 2021 cycle reveals an almost uncanny resemblance. Back in 2021, AVAX moved within a prolonged consolidation range under a descending resistance trendline. Following this, the price entered a bottoming accumulation zone before breaking out with strong momentum, eventually rallying by more than 700%.
In similar fashion, HYPE has been trading within a downward-sloping trendline over the past few months. This was followed by a prolonged period of sideways movement, signaling a potential accumulation phase. The token recently established a base near $10, just like AVAX did.
If this fractal continues to play out, HYPE could be in the early stages of a strong bull run.
Final Thoughts
While no chart pattern guarantees future price action, historical fractals often reflect collective market behavior. The similarities between HYPE and AVAX’s 2021 cycle are hard to ignore and suggest that a significant upside move to $50 could be in play.
As the broader crypto market shows signs of stabilizing, HYPE’s breakout from a months-long downtrend might just mark the beginning of something much bigger.
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