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Cryptocurrency News Articles

Solana (SOL) price performance could be flipped by Hyperliquid's HYPE token

May 24, 2025 at 01:03 am

Solana (SOL) price performance could be flipped by Hyperliquid's HYPE token if the SOL token fails to breach the $180 level

Hyperliquid's HYPE token could flip Solana's price performance if the latter fails to break through the $180-$184 critical resistance level.

Solana price performance faces threat as Hyperliquid’s HYPE token could flip it if the latter fails to break through the $180-$184 critical resistance level.

Solana price performance has been struggling to rise above the $180-$184 critical resistance level for the second consecutive week. If the bulls fail to break this zone and the bears take over, the price of SOL could drop to the $140-$150 level.

A scenario that could make way for the HYPE token to outshine Solana by price performance. Particularly if the Hyperliquid token manages to reach the price target of $100 as predicted by Arthur Hayes.

The former BitMEX CEO made two bold predictions regarding HYPE, the latest one being that it could outgrow Solana in market value. Earlier on May 22, 2025, Hayes had also projected that HYPE could reach a price of $100, an outlook he shared in response to the viral spotlight on James Wynn’s massive $1.1 billion leveraged position on Hyperliquid.

However, chances are still high for Solana’s price performance to flip the $180-$184 resistance into a support level. At press time, the SOL token trades at $180.19, where a decisive close above $184 could open the door to upside targets at $264. A break below the resistance level to the $160 range would invalidate the current bullish structure and expose the $140 region.

HYPE Reaches New All-time High at $37.765

Meanwhile, momentum for $HYPE is surging, with the token hitting a new all-time high at $37.765 alongside notable open interest of $1.3B. In addition, the RSI spiked from 49.98 to 82.81 in just one day, an indication of aggressive buying pressure.

With a proven team and increasing on-chain traction, Bitcoin analyst Luciano believes $HYPE is poised to challenge—and potentially flip—major altcoins like $LINK and $SUI this quarter.

Such bullish sentiments, the strong performance, and the bold prediction posted by Athur Hayes about the Hype token has the potential to drive more momentum and push the price to higher levels.

Conclusion

While Solana’s price forecast has evaluated the risk of stalling and retracing to lower levels due to the strong $180-$184 resistance, SOL still holds the potential to reverse this zone into a support base. But if momentum fades and the breakout fails, a drop toward the $140 level remains likely, opening the gate for HYPE to overtake SOL in price performance.

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Other articles published on May 24, 2025