Arthur Hayes Bets on HyperLiquid to Outperform Solana

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 4 days ago

SOL-8.106%

ZEC-37.579%

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Bold Bet: Arthur Hayes, co-founder of BitMEX, places a $100,000 bet on HyperLiquid (HYPE), predicting it will outperform the top ten cryptocurrencies by 2026, demonstrating his strong bullish stance on this altcoin.
Price Prediction: Hayes forecasts HYPE will reach $150 by the end of 2026, emphasizing its potential during the bull market, which indicates his confidence in market trends and the investment value of HYPE.
Challenging Opponent: Hayes engages in a bet with Kyle Samani, founder of Multicoin, over HYPE and Solana (SOL), with both parties wagering $100,000, and the winner donating to charity, showcasing his firm belief in HYPE's prospects.
Market Dynamics: While betting, both Hayes and Samani express optimism about Zcash (ZEC), reflecting their diverse investment strategies and highlighting the market's focus on varied cryptocurrency investments.

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Technical Analysis for SOL

Technical Sentiment Analysis for Solana (SOL). As of , Solana (SOL) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SOL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, SOL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Solana (SOL) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	41.466	51.473	63.406	73.413	85.346	95.353	107.286
Fibonacci	51.473	59.854	65.032	73.413	81.794	86.972	95.353

About SOL

Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.To learn more about this project, check out our deep dive of Solana.The Solana protocol is designed to facilitate decentralized app (DApp) creation. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain.Because of the innovative hybrid consensus model, Solana enjoys interest from small-time traders and institutional traders alike. A significant focus for the Solana Foundation is to make decentralized finance accessible on a larger scale.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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