Hyperliquid Token Price Eyes Rally to $150 Amid Accumulation Phase
Hyperliquid's (HYPE) token price is showing signs of accumulation and potential rally to $150, according to some market experts. One crypto analyst noted that HYPE's current market structure bears similarities to the institutional accumulation phase before its previous all-time highs.
A recent pullback in HYPE's price is seen as a liquidity reset rather than a bearish reversal by Crypto Patel, who also identified a high-probability confluence zone between $47 and $54. This zone includes a weekly fair value gap (FVG), a bullish order block between $38 and $43, and an overlap with the 0.382-0.5 Fibonacci retracement levels.
Meanwhile, Onchain Lens reported that a leveraged long position in HYPE has generated nearly $28 million in unrealized profit after being held for 287 days. A whale has also staked 2.93 million HYPE tokens worth $172 million, which could be seen as a bullish sign.