Date: Fri, June 27, 2025 | 06:10 AM GMT
The cryptocurrency market is showing signs of cooling down after a sharp recovery earlier this week, triggered by easing geopolitical tensions between Israel and Iran. Ethereum (ETH), which had rebounded strongly from $2,113 to as high as $2,520, has now comes back to around $2,440.
Meanwhile in altcoins, Hyperliquid (HYPE) is trading in the red today. But beneath the short-term weakness, a promising pattern is emerging on the charts that suggests a brief dip might be followed by a strong rebound.
Source: Coinmarketcap
Bearish Bat Pattern in Formation?
On the 4-hour chart, HYPE is in the early stages of forming a potential Bearish Bat harmonic pattern — a setup that often hints at price reversals once it completes the CD leg. Although the pattern is still developing, its structure is becoming clearer.
Hyperliquid (HYPE) 4H Chart/Coinsprobe (Source: Tradingview)
The move appears to have started from the local high near $45.79 (point X). Since then, the price dropped and bounced, forming the XA and AB legs. Currently, the price is working through the BC leg, and if the pattern continues to evolve, it may pull back further to the $32.34 region — which could mark point C.
From that support level, HYPE could begin its CD leg — a potential upward move that may drive the price back toward the Potential Reversal Zone (PRZ) between $44.23 and $45.79. These levels align with the 0.886 and 1.0 Fibonacci extensions, which are classic completion targets for harmonic patterns like the Bat.
What’s Next for HYPE?
The key area to watch now is the C point — if HYPE dips to that zone around $32.34 and finds strong support, it could mark the beginning of a rebound toward the PRZ. This move could result in a rally of over 35% from the expected C point.
However, caution is needed. The Bat pattern remains unconfirmed until HYPE completes the C leg and starts moving higher. Also, a breakout above the 100-day moving average — currently acting as resistance — could disrupt the structure and lead to further upside without completing the pattern.
