It wasn’t the first time Jason Soni identified a bullish opportunity in Hyperliquid. And once again, the subsequent rally was substantial.
Some of the most powerful moves in financial markets happen when a trend begins to accelerate.
And Elliott wave analysis can sometimes provide clues before that acceleration takes place.
Take Hyperliquid (HYPE), for example.
On August 18, 2026, during a live Crypto Junctures webinar, Elliott Wave International analyst Jason Soni highlighted a bullish setup developing in HYPE.
At the time, the cryptocurrency was trading near $59.49, having recently recovered from a correction that took prices as low as $51.10.
Jason’s Elliott wave analysis suggested that HYPE could be entering what Elliott wave practitioners call a third of a third wave — a pattern often associated with particularly strong price advances.
He told subscribers:
Cypto Junctures Webinar, August 18, 2026:
“So we’d be looking for a swift advance in blue wave three within purple wave three.”
Jason also identified an important condition for his bullish outlook: HYPE needed to remain above $55.32.
If that level held, he anticipated a significant advance over the coming days.
So, what happened next?
HYPE climbed from approximately $59.49 to a high of $86.80 — an advance of roughly +46%.
The follow-up chart captured the sharp move higher, illustrating how closely the price action aligned with Jason’s expectation for a swift advance.
But here’s what makes this forecast even more interesting.
It Wasn’t Jason’s First Bullish Call on HYPE
Months earlier, during the February 24 Crypto Junctures webinar, Jason had identified another potential turning point in Hyperliquid.
With HYPE trading at $26.40, his Elliott wave analysis suggested that a corrective pattern was nearing completion, potentially setting the stage for a strong rally.
He told subscribers:
Cypto Junctures Webinar, February 24, 2026:
“I can make a decent case for the completion of the double zigzag… and then we’ll see a strong rally higher in red wave three.”
What happened next?
Less than a month later, HYPE reached $43.72.
That’s a +65% advance.
Two different setups. Two forecasts made in advance. And two substantial rallies that followed.
These examples illustrate how Elliott wave analysis can help identify developing opportunities as market conditions change.
What Opportunities Are Developing in Crypto Right Now?
Through Crypto Junctures, EWI’s analysts examine Elliott wave patterns across Bitcoin, Ethereum and other cryptocurrencies, looking for potential turning points, emerging trends and trading opportunities.
And as Jason’s HYPE forecasts demonstrate, new opportunities can emerge in the same market as its Elliott wave structure evolves.
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Jason Soni Currency & Crypto Analyst
Jason Soni, CEWA, began his journey with financial markets in 1999 as a private investor. He became a proponent of technical analysis in 2005 and quickly adopted the Wave Principle in 2006. Prior to joining EWI in 2020, Jason spent 10 years guiding subscribers with daily wave analysis covering markets such as stocks, forex and commodities. Today, Jason provides commentary for more than 20 currency and cryptocurrency markets in EWI’s Pro Services, Crypto Junctures, and is a regular contributor to Trader’s Classroom.
