Can Hyperliquid price hit ATH as ETF launch leads rising wedge breakout?

Hyperliquid’s native token HYPE has experienced a significant price increase, rising nearly 49% over the past week to approximately $57.6, as traders shift their investments into this large-cap cryptocurrency, which is outperforming Bitcoin and Ethereum.

This surge in HYPE's price suggests a growing confidence among investors in Hyperliquid, particularly in light of the recent ETF launch, which may indicate a potential for further price appreciation and a possible approach to its all-time high (ATH).