Hyperliquid (HYPE) To Rise Higher? Key Bullish Pattern Formation Suggest So!

Date: Wed, Dec 03, 2025 | 03:45 AM GMT The broader cryptocurrency market is showing a notable rebound following the December 1 selloff, as Bitcoin (BTC) and Ethereum (ETH) post impressive 7% and 8% 24-hour gains. This recovery has helped several altcoins bounce back — and Hyperliquid (HYPE) is among the standout movers. $HYPE is up more than 11% today, and more importantly, the chart is now showcasing a classic bullish formation that could support a strong upside continuation. Source: Coinmarketcap Double Bottom Pattern in Play On the 4H chart, HYPE is developing a clear double bottom pattern — a widely recognized bullish reversal structure that typically forms after an extended downtrend. The first bottom formed when the token dropped to the $29.30 region, followed by a sharp recovery toward the neckline at $36.54. However, the price was rejected at that level and pulled back again, retesting the same support zone around $29.30. Hyperliquid (HYPE) 4H Chart/Coinsprobe (Source: Tradingview) This second touch created the right shoulder of the structure, and buyers quickly stepped in, pushing the token higher to its current price near $34.40. What’s Next for HYPE? If the pattern continues to unfold correctly, HYPE’s next major step is a confirmed breakout above the neckline at $36.56. A clean close above this level — ideally supported by a volume spike — followed by a successful retest, would fully activate the double bottom setup. Should that happen, HYPE could extend toward its projected technical target near $41.78, representing a 21% gains from the current price and continuation of current momentum. For now, HYPE’s market structure looks constructive and reclaiming the 200-MA ($37.59) on the 4H chart would further strengthen the structure and provide additional confidence for bullish traders watching for confirmation. Disclaimer: The views and analysis presented in this article are for informational purposes only and reflect the author’s perspective, not financial advice. Technical patterns and indicators discussed are subject to market volatility and may or may not yield the anticipated results. Investors are advised to exercise caution, conduct independent research, and make decisions aligned with their individual risk tolerance.