What is UniversalX? UniversalX is a chain abstraction trading platform that allows users to trade with tokens on any chain without cross-chain. In other words, you can use USDT on the BNB mainnet to directly purchase meme coins on the SOL mainnet, eliminating the cumbersome cross-chain process in the past. On-chain transactions are a major trend in the future. The popularity of on-chain trading platforms such as Hype and Moonshot has already had an impact on CEX exchanges.
Why is UniversalX important? Particle Network is behind UniversalX, which has raised a total of $30 million. Investors include Binance and others. Currently, the on-chain transaction UniversalX plans to issue tokens this year, and it is still in the early stages, so we can ambush in advance to get airdrops.

The cryptocurrency market has seen numerous altcoins struggle to maintain upward momentum following the November rally, with several enduring substantial corrections. Despite this general downturn, Hyperliquid ($HYPE), a decentralized exchange () built on its own Layer-1 blockchain, has bucked the trend, posting significant gains on both a weekly and monthly basis.

Currently trading at $25 with a market capitalization of $8.5 billion, HYPE has recorded a 21% increase over the past 30 days, a noteworthy performance amid broader market uncertainty.

HYPE Mirrors Solana's Bullish Pattern

A recent analysis by on X suggests that HYPE may be mirroring the bullish rally once observed in Solana ($SOL ). The analysis highlights the appearance of a diamond bottom pattern on the HYPE/USDT chart—a formation that previously preceded a major breakout in SOL during its 2021 bull run.

At the time, Solana's breakout from a similar diamond bottom pattern propelled it from the 0.786 Fibonacci level (around $3.50) to the 4.764 Fib level (approximately $18), resulting in a 400% surge. Now, HYPE seems to be following a similar trajectory. The token has recently broken out from its diamond bottom and is currently consolidating between the 0.786 and 1.0 Fibonacci levels.

Should HYPE continue to follow Solana's path, a breakout above the current consolidation zone could lead to a rally toward the 4.764 Fibonacci level, with a potential target of $107.80, as indicated in the chart.

Outlook for HYPE

The ongoing consolidation phase for HYPE is critical. A confirmed breakout above the 1.0 Fibonacci level would signal the possibility of a strong upward movement. However, broader market sentiment, Bitcoin's dominance, and the flow of liquidity into the crypto space will play crucial roles in determining whether this scenario materializes.

While historical patterns can offer valuable insights, it is important to note that past performance does not guarantee future results. Investors should exercise caution and closely monitor market conditions as HYPE approaches a key technical inflection point.

The potential cyber attack from North Korea has caused a frenzy for Hyperliquid's HYPE token, highlighting serious risks in the decentralized finance sector.
#Hyperliquid , a layer one blockchain and decentralized exchange, faced a significant shock as reports emerged about the potential involvement of North Korean hackers causing the token value and total value locked to plummet over the weekend.