🍕 Bitcoin Pizza Day is Almost Here!
Join the celebration on Gate Post with the hashtag #Bitcoin Pizza Day# to share a $500 prize pool and win exclusive merch!
📅 Event Duration:
May 16, 2025, 8:00 AM – May 23, 2025, 06:00 PM UTC
🎯 How to Participate:
Post on Gate Post with the hashtag #Bitcoin Pizza Day# during the event. Your content can be anything BTC-related — here are some ideas:
🔹 Commemorative:
Look back on the iconic “10,000 BTC for two pizzas” story or share your own memories with BTC.
🔹 Trading Insights:
Discuss BTC trading experiences, market views, or show off your contract gai
Hyperliquid (HYPE) To Rise Higher? Key Fractal Signaling an Upside Move
Date: Mon, May 05, 2025 | 04:25 AM GMT After a rough start to 2025, where even Ethereum (ETH) tanked by 45% in Q1, the crypto market is finally flashing signs of life. ETH has rebounded by 28% since its April 7 low — and this fresh wave of bullish momentum is now spilling over into major altcoins. One standout is HYPE, the native token of Hyperliquid’s decentralized exchange. The token has posted an impressive 71% monthly gain, trimming its year-to-date loss to just 14%. But what’s catching the market’s attention even more is that HYPE’s recent price action is beginning to mirror a historical fractal — the same one that preceded Avalanche’s (AVAX) explosive rally in 2021.
Source: Coinmarketcap HYPE Chart Mirrors AVAX’s Legendary Breakout A side-by-side comparison of HYPE’s current daily chart and AVAX’s 2021 cycle (see chart below) reveals a striking similarity in structure. In 2021, AVAX underwent a prolonged consolidation phase beneath a descending resistance line, followed by a rounding bottom formation. Once AVAX broke out of that structure, it triggered a powerful bull run, resulting in over 700% gains in just a few months.
AVAX and HYPE Fractal Chart/Coinsprobe (Source: Tradingview) Likewise, HYPE had been trending down beneath a similar descending resistance for months. After bottoming at $9.32, the token has decisively broken out of that trendline and is now trading around $20.41, signaling the potential start of a new bullish leg. What’s Next for HYPE While technical fractals aren't foolproof indicators, they often reflect repeating patterns in market psychology. If HYPE continues to follow the AVAX-style trajectory, a move toward $40-$42 isn't out of the question in the coming weeks or months. Moreover, as confidence returns to the altcoin space and liquidity begins to rotate back into higher-beta assets, HYPE could find itself in a favorable position to ride the momentum wave — especially with the chart structure now aligning with one of the most iconic breakouts in recent crypto history. Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.