Hyperliquid (HYPE) May Revisit $59 Soon Amid Extreme Market Fear: Here is Why
Hyperliquid (HYPE) has been making waves in the cryptocurrency market recently, with its price signaling a potential market reversal. The large-cap altcoin, with a fully diluted valuation of about $33 billion, has caught the attention of many crypto traders, as evidenced by its elevated 24-hour trading volume of around $457 million.
Despite the prevailing extreme fear in the market, as indicated by CoinMarketCap’s Fear and Greed Index hovering around 16/100, the price of HYPE has surged over 10% today, reaching approximately $33 at the time of writing.
Major Reasons Why HYPE is Poised for a Pump to ATH Soon
1. Institutional Demand Led by DATs
On December 2, 2025, Sonnet BioTherapeutics Holdings Inc. (NASDAQ: SONN) announced that its shareholders have approved a merger with Hyperliquid Strategies. According to reports from Arkham, the duo plans to establish a Digital Asset Treasury (DAT) for HYPE. Currently, the partnership has $888 million committed, with 65% of the funds in HYPE tokens and the remaining 35% in USD. This move mirrors Michael Saylor’s strategy, which has amassed over 650k Bitcoin (BTC). The global mainstream adoption of HYPE by institutional investors is expected to drive the altcoin towards its all-time high in the near future.
2. Technical Rebound Fueled by Mainstream Adoption of Decentralized Perpetual Trading
In the daily timeframe, the HYPE/USD price has formed a potential reversal pattern. Following a bullish rebound from the support level around $29.5, the price of HYPE has shown signs of a potential double bottom pattern, accompanied by a bullish divergence in the daily Relative Strength Index (RSI). This technical rebound is supported by the mainstream adoption of decentralized perpetual trading by retail traders. Major crypto exchanges like Binance and Bitso have been exploring on-chain perpetual trading, further fueling the bullish outlook for HYPE.
In conclusion, Hyperliquid (HYPE) is on the verge of a significant price rally, driven by institutional demand and technical indicators pointing towards a potential market reversal. With the support of institutional investors and the growing popularity of decentralized perpetual trading, HYPE is well-positioned to push beyond its all-time high in the near future. Investors should conduct their own research before making any investment decisions, as the cryptocurrency market is highly volatile.
