According to BitMEX co-founder Arthur Hayes, Hyperliquid (HYPE) could reach $150 by August.
Key considerations:
-
CEX volume rotation and demand for macro related markets, including oil, are fueling the case for HYPE bulls.
-
The cup and handle setup points to the initial breakout at $50.
A CEX to DEX rotation can increase the price of HYPE by five times
In a message published on Monday, Hayes said that if Hyperliquid keeps its derivatives volume away from centralized exchanges (CEX) and expands its product mix, HYPE could rise to about five times from around $30.
For that to happen, Hyperliquid’s 30-day annualized revenue would have to increase to $1.40 billion by August from $843 million in March.
Such an increase will be achieved if the platform acquires another 3.96% share of derivatives volume from centralized exchanges, after absorbing about 6% by March.
Hyperliquid uses approximately 97% of its revenue to purchase HYPE tokens from the open market. Therefore, most of the money that the platform earns is used to buy its own token, which can support the price in case of increased trading activity.
This structure, Hayes said, increases the likelihood of a HYPE rally to $150.
The Tokenized Oil Boom: The Case for Hyperliquid Bulls
Hayes’ strong call came as the US-Iran war made oil the most traded asset in Hyperliquid.
On Tuesday, CL-USDC, its perpetual pair with crude oil, reached about $1.29 billion in 24-hour volume, surpassing ETH-USDC by about $1.24 billion, showing that traders are increasingly using the platform to bet on traditional assets, not just crypto.
The trend also supports Hayes’ broader HIP-3 thesis. HIP-3 allows users to initiate perpetual markets through HYPE contributions, and Hayes said newer listings linked to oil, gold, silver and major US indices are already gaining traction.
related to: Oil falls from 25% growth as G7 weighs emergency stockpile release
He stated that HIP-3 now accounts for about 10% of Hyperliquid’s revenue and could increase revenue by 160% in the coming months if the DEX offers macro assets like gold and oil.
Last year, Maelstrom, a family office fund linked to Arthur Hayes, predicted a drop in HYPE prices due to an $11.90 billion opening sign. Since then, the Hyperliquid token has fallen by around 40%.
However, Hayes also made some high-quality calls that didn’t go through.
It includes targets of $250,000 Bitcoin by the end of 2025 and $200,000 by March 2026, as well as a January 2025 call for TRUMP memecoin to reach a market cap of $100 billion by launch.
HYPE technicians point to an initial breakout of $50
From a technical point of view, HYPE could rise to $50 in March or April based on the cup and handle pattern.
After thorough recovery and short fusion, the cup and handle are formed. It confirms when the price rises above the neck resistance and the top is usually measured by the maximum height of the pattern.
Applying the technical rule gives HYPE an upside target of around $50 if the price breaks decisively above the neck resistance of $35.50. If the pattern is fulfilled, it will result in more than 40% of the current levels.
Conversely, a retracement of $35.50 could initially push the price of HYPE to $30, a level that coincides with the 0.236 Fibonacci retracement line and the 50-day exponential moving average (50-day EMA, red wave).
This article does not contain investment advice or recommendations. Every investment and business move involves risk, and readers should do their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph shall not be liable for any loss or damage arising from your reliance on this information.
