Date: Fri, June 27, 2025 | 06:10 AM GMT
The cryptocurrency market is showing signs of cooling down after a sharp recovery earlier this week, triggered by easing geopolitical tensions between Israel and Iran. Ethereum (ETH), which had rebounded strongly from $2,113 to as high as $2,520, has now comes back to around $2,440.
Meanwhile in altcoins, Hyperliquid (HYPE) is trading in the red today. But beneath the short-term weakness, a promising pattern is emerging on the charts that suggests a brief dip might be followed by a strong rebound.
Bearish Bat Pattern in Formation?
On the 4-hour chart, HYPE is in the early stages of forming a potential Bearish Bat harmonic pattern — a setup that often hints at price reversals once it completes the CD leg. Although the pattern is still developing, its structure is becoming clearer.
The move appears to have started from the local high near $45.79 (point X). Since then, the price dropped and bounced, forming the XA and AB legs. Currently, the price is working through the BC leg, and if the pattern continues to evolve, it may pull back further to the $32.34 region — which could mark point C.
From that support level, HYPE could begin its CD leg — a potential upward move that may drive the price back toward the Potential Reversal Zone (PRZ) between $44.23 and $45.79. These levels align with the 0.886 and 1.0 Fibonacci extensions, which are classic completion targets for harmonic patterns like the Bat.
What’s Next for HYPE?
The key area to watch now is the C point — if HYPE dips to that zone around $32.34 and finds strong support, it could mark the beginning of a rebound toward the PRZ. This move could result in a rally of over 35% from the expected C point.
However, caution is needed. The Bat pattern remains unconfirmed until HYPE completes the C leg and starts moving higher. Also, a breakout above the 100-day moving average — currently acting as resistance — could disrupt the structure and lead to further upside without completing the pattern.
Disclaimer: This article is for informational purposes only and not financial advice. Always do your own research before investing in cryptocurrencies.
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.
