Hyperliquid eyes 55% price rise after Silicon Valley investor's 'massive HYPE buy'

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.

Key takeaways:

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

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