Hayes on X Explains Why Hyperliquid’s Price Jump Matters Now

• HYPE surged 53% in April, gaining attention from Arthur Hayes and crypto analysts.
• Drew Dove flagged a breakout above $19.30 with sustained buy signals on intraday charts.
• HYPE now trades above $20 with support near $17.50 and eyes a retest of the $21 resistance.

Arthur Hayes, BitMEX co-founder, has drawn renewed attention to Hyperliquid (HYPE) following a strong price rally in April. 

In a post shared on X, Hayes responded to the frequently asked question, “when alt season?” by suggesting the obvious answer, referencing HYPE’s price chart. His post highlighted the token’s 53% monthly surge, suggesting growing interest in altcoins as bullish momentum accelerates across select assets.

The most asked question of me recently: wen alt szn?

Sometimes it’s just staring you in the face. $HYPE pic.twitter.com/SoUcFhOtAQ

— Arthur Hayes (@CryptoHayes) May 2, 2025

Analyst Drew Dove Eyes $20 Support

Analyst Drew Dove also weighed in, stating that HYPE may not fall below $20 again. His chart on X showcased an intraday breakout above $19.30, with the token hitting an hourly high of $19.423 and rebounding from lows of $19.095.

Dove pointed…

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