Hyperliquid (HYPE) – Harmonic Chart Signals Potential Upside Move

The cryptocurrency market is showing some relief after the mid-week sell-off that caused Ethereum to drop to $3069 before recovering. Hyperliquid (HYPE) is also attempting a recovery, but its focus is on a clear harmonic structure developing on its chart, hinting at a potential upside move in the near future. analysis reveals a potential bearish bat pattern on HYPE’s 4-hour chart. Despite this name, the pattern often leads to a bullish push toward the completion point before a reversal takes place. 100-hour moving average around $40.472 is also providing support for HYPE’s rebound.