If the bullish momentum slows down, Solana price action could be extended by Hyperliquid's HYPE token which recently reached a new ATH of 37.765.
BitMEX co-founder and former CEO Arthur Hayes provided a bold price prediction for Hyperliquid's HYPE token, indicating that it could reverse Solana's price performance.
He outlined his prediction on X, where he claimed that his 'Diegen' goal this bull season was to flip the SOL for HYPE and join the top ten cryptocurrencies by market capitalization.
Solana Price Performance Faces HYPE Challenges as Emerging Leader Seen by Experts
The price performance of Solana (SOL) could be overtaken by Hyperliquid’s HYPE token if the SOL token fails to breach the $180 level, a key resistance level that has been holding it back for the second week in a row. If this scenario unfolds, Solana may fall to the $140-$150 level.
A scenario that could pave the way for HYPE token to overtake Solana in terms of price performance. Especially if the Hyperliquid token achieves Arthur Hayes’s expected $100 target.
Hayes made two bold predictions regarding HYPE, the most recent where he predicted that HYPE could overtake Solana in market value.
Earlier on May 22, 2025, the former BitMEX CEO also predicted that HYPE could hit $100, which he shared in response to James Wayne's viral spotlight on Hyperliquid's $1.1 billion leveraged position.
However, the chances of Solana's price performance turning the $180 resistance into a support level are still high.
At press time, $SOL token is trading at $180.19, where a decisive close above $184 could open the door to upper targets of $264.
A break below the resistance level at $160 would invalidate the current bullish structure and expose the $140 region.
HYPE hit a new all-time high at $37.765.
Momentum is building for $HYPE, with the token touching a new all-time high of $37.765 along with a remarkable open interest of $1.3B. Also, the RSI rose to 82.81 from 49.98 in just one day, indicating aggressive buying pressure.
With a proven team and growing on-chain traction, Bitcoin analyst Luciano believes that $HYPE is poised to challenge and possibly flip major altcoins like $LINK and $SUI this quarter.
Such bullish sentiment, strong performance, and the bold prediction posted by Arthur Hayes about the hype token has the potential to add further momentum and drive the price to higher levels.
#solana #hype #CryptoNewss #MarketSentimentToday #Market_Update