HYPE – "Solana of 2025"? The fractal chart targets a 240% increase in July.

The native Token of Hyperliquid – HYPE – is showing a price structure with many astonishing similarities to the breakout of Solana in early 2021, before it grew by more than 300%.

Fractal chart of HYPE targets a 240% increase in July

In January 2021, Solana made a strong breakout after a long accumulation phase, as market interest began to accelerate. This explosive move was triggered by a reversal at key Fibonacci retracement levels, propelling SOL to surge from around 4.9 USD to nearly 19 USD – equivalent to a 291% increase in less than two months.

! SOL/USD Daily Price Chart | Source: TradingViewBy May 2025, HYPE's daily chart also shows a similar growth structure, with a 270% rebound from the $10 low in April, corresponding to the 0.0 Fibonacci retracement level. In particular, on May 23, HYPE broke through the Fibonacci 1.0 retracement level (~35.88 USD), marking the beginning of an explosive growth spree, similar to the SOL of 2021.

! HYPE/USD Daily Price Chart | Source: TradingViewIn addition, HYPE's (RSI) relative strength index has made its way deep into the (trên 84) overbought zone. While this warns of a possible short-term correction, it also reflects strong momentum strength, similar to Solana's RSI level during the 2021 bull run.

If HYPE continues to follow this fractal pattern, the Fibonacci level of 1.618 around 51.68 USD is seen as the next reasonable target. The level of 4.618 (~128 USD) could mark a potential peak of the rally, corresponding to a 240% increase from the recent breakout area around 35 USD.

Hyperliquid – The combination of Solana and FTX from an expert's perspective

Renowned analyst and commentator Ansem stated that Hyperliquid shares a vision similar to the original goals of Solana and FTX: to create a cryptocurrency trading platform that is both high-performance and cost-optimized.

However, the key difference is that Hyperliquid operates completely on-chain, providing absolute transparency and superior security compared to the traditional centralized model of FTX.

Ansem also emphasized that nearly 97% of total trading revenue is directly distributed to HYPE token holders, demonstrating a solid economic foundation, which opens up the potential for this token to soon reach its "historical peak" in the near future.

Market Psychology and the Attraction of Familiar Price Models

In the market, traders are always drawn to price patterns that have led to spectacular breakthroughs in the past. A typical example is in 2017 when the price of Ether mirrored almost the original fractal movement of Bitcoin in 2013 — from parabolic jumps to deep correction phases and solid recoveries in the support zone.

Chart comparing fractal BTC/USD and ETH/USD | Source: TradingViewNow, as investors realize HYPE is on the journey to replicate the spectacular growth trajectory of Solana in 2021, both technically and fundamentally, the confidence in the breakout future of this token is even stronger. This not only reinforces the optimistic sentiment but also attracts significant capital from speculators eager to hunt for the "next Solana opportunity" in the market.

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