The broader cryptocurrency market is experiencing volatility as traders anticipate the upcoming Federal Reserve meeting. Both Bitcoin (BTC) and Ethereum (ETH) are trading in negative territory, a trend that has extended to major altcoins, including Hyperliquid (HYPE).
Over the past 24 hours, HYPE has seen a decline of more than 8%, contributing to a monthly drop exceeding 30%. Despite this surface-level weakness, the price chart is exhibiting a repeating fractal structure that bears a striking resemblance to Sui's (SUI) recovery pattern observed in April 2025.
HYPE Is Mirroring SUI’s Historical Fractal
Both SUI and HYPE previously demonstrated a clear rounding bottom formation, followed by a significant rally that culminated in a well-defined rounding top. Post-peak, the price action moderated and began interacting with the baseline zone. Concurrently, a bearish moving average crossover indicated a shift in the short-term trend.
Historically, SUI experienced a bearish moving average crossover 47 days after reaching its peak. Subsequently, it took approximately 91 days from its high to establish a robust macro bottom within a strong demand region, situated between $1.70 and $2.15, before initiating its next expansion phase.
The current chart action for HYPE suggests it is following a similar trajectory.
Following its recent peak, HYPE registered a bearish moving average crossover in just 45 days, closely mirroring SUI's timing. Applying this observed symmetry, and accounting for a minor two-day lag, HYPE could potentially complete its bottoming structure in approximately 89 days from its peak.
From a structural perspective, the chart indicates that a potential final low is being formed near the $25 region. This price level also coincides with a historical demand zone.
What’s Next for HYPE?
If this bullish fractal pattern continues to unfold as observed, HYPE would need to stabilize and establish a bottom around the $25 zone in the immediate future. The definitive confirmation of this bullish outlook, however, will be a successful reclaim of the 50-day moving average, which is currently positioned near $37.80.
A clear break and sustained hold above this level would serve to validate the entire fractal thesis and signal a potential shift back toward bullish continuation in the market structure.
While this setup does not guarantee that HYPE will perfectly replicate SUI's previous price movement, the similarities in structure and timing are notable. Traders are advised to closely monitor HYPE's price behavior as it interacts with the $25 demand zone.