As Hyperliquid (HYPE) reaches new all-time highs (ATHs), Arthur Hayes has bet six figures that the token will continue to rally and outperform Solana (SOL) in the coming months.
Arthur Hayes Doubles Down On HyperliquidOn Sunday, BitMEX co-founder Arthur Hayes reaffirmed his bullish outlook for Hyperliquid, affirming that the token will outperform the leading cryptocurrencies by market capitalization.
“I put $100k on the line to a charity of your choice that HYPE outperforms any other current top ten crypto in USD terms from now until year end. Who is your champion?” Hayes stated.
Hayes’s bet follows his conviction on HYPE’s future price action. He recently affirmed that Hyperliquid “should at a minimum overtake SOL before this bull run is over,” citing the performance of most top cryptocurrencies on short and mid-term timeframes.
HYPE To Rally To $163?Over the weekend, Hyperliquid broke past the $65 resistance and began a multi-day price discovery streak that has been developing since Friday. After breaking the $70 on Sunday, the cryptocurrency jumped nearly 6% to reach its latest all-time high of $74.18 on Monday morning.
Last week, the analyst shared the “unpopular opinion” that Hyperliquid had reached its market top after reaching its recent highs and printing sell signals on the TD Sequential daily and three-day charts.
He pointed out that the token was seeing a similar setup to the last two times TD Sequential sell signals appeared on HYPE’s chart, while the RSI and Chande Momentum Oscillator were also at overheated levels, which led to significant corrections.
Now, the analyst noted that these sell signals have been invalidated, and shared potential price discovery rally targets of $97 and even $163, as momentum continues.
As of this writing, HYPE trades at $71.8, a 16.8% increase in the weekly timeframe.
