Key takeaways:
HYPE is mirroring Solana’s 2021 breakout structure, targeting a 240% rally by July.
Familiar crypto fractals suggest HYPE could spark similar momentum-driven hype.
Hyperliquid’s native token, HYPE, is mirroring a strikingly similar price structure to Solana’s (SOL) early 2021 breakout—one that preceded a 300% rally.
HYPE chart fractal targets 240% rally by July
In January 2021, Solana broke out from a prolonged consolidation phase just as marketwide interest began accelerating.
The breakout, highlighted by a decisive flip above key Fibonacci retracement levels, triggered a vertical rally that saw SOL jump to the 4.618 Fib retracement line at around $19 from roughly $4.90 in under two months, marking a 291% surge.
SOL/USD daily price chart. Source: TradingView
Fast forward to May 2025, HYPE’s daily chart is showing the same bullish structure following its 270% rebound from $10 lows in April, aligning with its 0.0 Fibonacci retracement line.
On May 23, HYPE broke above its 1.0 Fibonacci retracement