Hyperliquid (HYPE) Leads the Way – Is Jupiter (JUP) Set to Follow the Same Fractal Path?

Date: Sat, April 19, 2025 | 07:56 AM GMT

The cryptocurrency market has been under intense selling pressure recently, with Ethereum (ETH) posting its worst Q1 since 2018, sliding more than 45%. That bearish wave swept across the altcoin sector — and the Hyperliquid (HYPE) and Jupiter (JUP) tokens weren’t spared either.

But there’s a shift in momentum brewing. Hyperliquid (HYPE) has managed to set a more upside tone with a impressive 14% gain this week, narrowing its 90-day decline to just 8%. Jupiter (JUP), on the other hand, remains deep in the red — still down nearly 67% over the same period.

Source: Coinmarketcap

However, a closer look at the charts reveals something interesting: JUP may be setting up for a move that mirrors HYPE’s recent price action.

HYPE and JUP Analysis

Looking at the left side of the comparison chart, HYPE staged a massive 232% rally in late 2024, reaching a peak near $24.73. This was followed by a steep correction of over 73%, dragging it down to just below its key support at $9.32. The breakdown beneath the 50-day moving average (50 MA) was a clear sign of weakening momentum — but that’s where the story shifted.

Buyers stepped in at the lower bound, forming a solid base. Since then, HYPE has reclaimed the 50 MA and surged to $18., now pressing against its descending trendline, setting the stage for a potential breakout.

Now turning to JUP on the right side, the resemblance is hard to ignore. It too posted a parabolic run of over 300% in early 2024, topping out near $1.40 before entering a prolonged 83% decline. Like HYPE, JUP broke down from the 50 MA and found support slightly below its major floor at $0.32. Price has now started curling upwards from that low, forming a similar recovery base.

If JUP continues to follow the fractal structure seen in HYPE, the next logical step would be a test of the 50 MA. A confirmed move above that level would then open the door for a challenge of the descending trendline — the same structure HYPE is currently grappling with.

What’s Ahead?

While there are no guarantees in markets, this type of fractal analysis often gives early clues about potential setups. If JUP replicates HYPE’s trajectory, a near-term push towards the $0.50–$0.60 zone (around the 50 MA) may be on the cards. Beyond that, breaking through the diagonal resistance could mark the beginning of a larger trend reversal.

Keep an eye on the 50 MA levels and trendline resistance. These are the critical zones that could either confirm or invalidate the current bullish fractal setup.

Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.