ARK CEO Bullish on Hyperliquid: HYPE Rally to Extend?

Group 1: Core Insights - ARK Invest CEO Cathie Wood compares Hyperliquid to Solana's early breakout years, highlighting its potential as an exciting new decentralized exchange (DEX) [1][2] - Wood emphasizes that ARK's current crypto exposure is focused on Bitcoin, Ethereum, and Solana, indicating a strategic investment approach [1] - The rise of DEXs is seen as a transformative force in trading infrastructure, suggesting a shift in market dynamics [2] Group 2: Institutional Interest - Hyperliquid has garnered attention from traditional finance leaders, with VanEck CEO Jan van Eck praising its advanced technology and decentralized governance [3] - VanEck's active role in Hyperliquid's ecosystem governance and research hints at future partnerships, reflecting significant demand for DEX infrastructures [3] Group 3: Price Analysis - HYPE token reached an all-time high of $59.39 in September but has since corrected to $43.77, representing a 26% pullback [4] - The token is currently testing the lower Bollinger Band near $40.65, indicating bearish signals in the daily chart [4] - The RSI is at 41.55, suggesting oversold conditions, while the MACD indicates bearish momentum [5] Group 4: Future Price Targets - If HYPE can reclaim the $45–47 range and convert $51.36 into support, potential upside targets include $55 and a retest of the all-time high at $59.39 [5] - A breakout above the resistance zone could lead to price levels of $62–70 in the medium term [6] - Failure to maintain the $40–41 support zone could result in deeper losses, with potential declines toward $35 and $30 if bearish momentum continues [6]