Massive HYPE Buy Sparks Bullish Hyperliquid Price Outlook

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A bullish long-term chart pattern puts HYPE on track for a potential rally above $70 this year, with a16z-linked accumulation and fresh institutional catalysts strengthening the case.

Hyperliquid DEX's native token, HYPE, is showing potential for a 55% rally after a wallet reportedly tied to Silicon Valley-based venture capitalist, a16z, accumulated $90.87 million worth of tokens in just over a month.

HYPE’s three-day chart shows a potential cup-and-handle breakout, with the neckline sitting near $45–$47.

ETF launch, Coinbase-Circle USDC roles, and potential US regulatory clarity may expand Hyperliquid’s institutional demand base.

HYPE cup-and-handle setup eyes record highs

HYPE appears to be forming a cup-and-handle pattern, a classic bullish continuation setup.

A cup-and-handle forms when price makes a rounded recovery, pauses near resistance, and then breaks higher. Traders calculate the upside target by measuring the cup’s depth and adding that distance to the breakout level.

In HYPE's case, the "cup" developed after its price fell from around $46 to nearly $21, then gradually recovered in a rounded struct

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