Hyperliquid's Triangle Pattern Signals Potential 25% Breakout Amid Elevated Open Interest and High Fee Collection

Hyperliquid's price consolidates within a triangle pattern, with open interest remaining elevated, indicating active market engagement. The platform generated $1.2 million in fees, surpassing Solana and Tron, showing steady on-chain trading activity. Market observers are watching for a potential 25% move if leverage remains high and open interest rises. The current price is capped near the lower end of its recent trading range, making the market sensitive to leverage changes.