Coinspeaker
Sep 28, 2025
7 0

ARK CEO Bullish on Hyperliquid as HYPE Pulls Back 26%

ARK Invest CEO Cathie Wood highlighted the decentralized perpetuals exchange Hyperliquid, comparing its potential to Solana's early growth. She emphasized ARK's focus on Bitcoin, Ethereum, and Solana, and predicted that decentralized exchanges (DEXs) will transform trading infrastructure.

Institutional Interest

  • VanEck CEO Jan van Eck praised Hyperliquid's technology and governance, indicating institutional interest in DEX infrastructure.
  • VanEck is involved in Hyperliquid's ecosystem governance and research, suggesting future partnerships.

HYPE Price Analysis

  • HYPE reached an all-time high of $59.39 but corrected to $43.77, a 26% pullback.
  • The token broke below its rising wedge pattern, a bearish indicator, with price testing the lower Bollinger Band near $40.65.
  • RSI at 41.55 indicates oversold conditions; MACD shows bearish momentum, and CMF suggests outflows.

HYPE daily chart breaking down from rising wedge | Source: TradingView

Potential Price Movements

  • Reclaiming the $45–47 range and turning $51.36 into support could target $55 and potentially retest $59.39.
  • A breakout above resistance could lead to $62–70 medium-term.
  • Failure to hold $40–41 support risks further declines to $35 or $30 if bearish momentum continues.