Hyperliquid (HYPE) Structural Breakout: Target $60+

10 mag

HYPE just broke out from a major downtrend on the weekly chart and it’s looking strong.

I’m targeting $60 as a realistic level this year, and there’s a good chance HYPE makes it into the Top 10 crypto market cap if this momentum holds.

Here’s why I’m bullish:

• Price broke out of the falling channel and closed above $25 weekly resistance.
  
• Strong buying volume shows big players are stepping in, especially after that accumulation zone between $9 and $18.
  
• Based on Fib extension, $60 lines up perfectly as the next major target and a psychological resistance level.
  
• The Hyperliquid narrative is strong. Positioned as a real on-chain CEX alternative with solid user growth and rising TVL.
  

My trade setup:

• Entry around $20 to $26.
  
• First target at $37.5, final target at $60.
  
• Stop loss if price closes below $18 weekly (that would kill the bullish case for me).
  

This isn’t financial advice, just sharing how I’m seeing the market.

Always manage your risk and don’t FOMO in at the top.

3 giorni fa

Trade chiuso: obiettivo raggiunto

Call played out perfectly 👌