I thought the opposite would more likely be the case, as supply increases the price goes down, as with everything else unless it's different in altcoins. The examples of previous price rises may be due to other factors.

The increase in hashrate (about 10x compared to 1 week ago right now) is having zero impact in the supply and will have zero impact even if it increases 1000x. This is a common misunderstanding of people not familiar with Proof of Work. The blockchain has a parameter called "Difficulty" that increases at the same rate as the hashrate in the network. This makes that no matter how many ASICs connect to the network, the block time, and so the block rewards (that create the increase in supply) remains exactly the same. The Supply is predictable and immutable: https://siastats.info/supply_inflation.html

Actually the two last hardforks we had in the last months were aimed to make the difficulty algorithm to update the difficulty every block instead of every 4 days, so with the arrival of ASICs the impact in the block generation was zero.