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Hyperliquid (HYPE) surges 25% but faces potential 30-45% correction after ETF launch rally.

Technical Signals
15 May 2026
FXEmpire
View Source
Bearish
pluang ai news

Hyperliquid (HYPE) token jumped about 25% to $47 following the launch of two US-listed ETFs, signaling strong institutional interest. However, technical analysis shows a rising wedge pattern that could lead to a 30-45% price correction to $26.50–$31.20 by mid-year if support breaks. The ETFs currently hold only $3.17 million, indicating early speculative demand rather than sustained inflows. Additional support comes from Coinbase and Circle's partnership to manage USDC liquidity on Hyperliquid, potentially boosting protocol revenue and token buybacks, providing a structural tailwind beyond ETF speculation.

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