$66 HYPE, did you miss the boat?

First look at the surface: all positive news are coming true, but many are still waiting for a deeper correction.

In the past 7 days, it has risen 10%, in 30 days 50%, only 12% away from the all-time high of $75. The candlestick chart shows: a double bottom formed in the $55-60 range, today’s volume breakout above the short-term moving average, the next target directly aiming for $70. While you’re hesitating, institutions have already locked in ETF positions.

First thing: $161 million inflow in the first month of ETF, this is not a signal that retail investors can understand.

HYPE spot ETF launched for a month, products issued by Bitwise, Volatility Shares, and others have net inflows of $161 million.

Every day, platform fees buy back and burn hundreds of thousands of dollars, plus daily ETF purchases, while circulating supply continues to decrease—supply contraction + rigid demand, no wonder the price isn’t rising.

Second thing: 99% of fees are used to buy back and burn, this is an “automatic teller machine” mode.

So far, the buyback and burn amount has exceeded $1.16 billion (as of late May), and it’s still ongoing. Daily trading fees are in the hundreds of thousands of dollars, meaning real money supports daily buy orders.

New features are still being added—prediction markets, SpaceX IPO tokenized perpetual contracts (daily volume of $233 million), expansion of real-world assets (RWAs). Platform revenue will only grow, not shrink.

Third thing: technical signals show a “pre-breakout” sign.

From the all-time high of $75.5 on May 31, it retraced to the $55-60 zone, a full two-week shakeout.

Daily chart: double bottom pattern, right shoulder with volume.

4H chart: breakout of the downtrend line, above $66.

RSI: from oversold back to neutral at 50, room to grow.

Volume: clear rebound with increased volume, not a fakeout.

The $70 level is a short-term psychological barrier, also the last resistance before the previous high of $75.

Bull vs. bear, see for yourself.

One side:

ETF inflow of $161 million in the first month, institutions locking positions

99% buyback and burn, genuine buying pressure

Prediction markets + RWAs expansion, continuous revenue growth

Double bottom pattern + volume rebound

Target $80-100, 20-50% room

The other side:

Only 12% from ATH, profit-taking could happen anytime

If it breaks below $58, it might go to $52-55

Macro environment is average, BTC still oscillating around $64k

Some call for a head and shoulders top targeting $40-50 (but volume and price don’t support it)

Key level at $66, only $4 away from the critical $70 line.

Resistance above: $70 (short-term key) → $75 (ATH) → $80-100

Support below: $62-64 → $58 → $52-56 (strong support)

Short-term traders:

Don’t chase at this level. Wait for a pullback to $62-64 to buy in batches, stop-loss at $58 (exit if broken). Take half profit at $70, add positions on a breakout above $75 to target $80-100.

Swing traders:

Hold steady if you’re already in. Expect some volatility in the $66-70 zone, don’t get shaken out. If you haven’t entered yet, $62-64 is your last chance. Stop-loss at $58, target $75-80. After breaking $75, use dynamic take-profit, keep a core position for the main rally.

Long-term believers:

Invest blindly below $60. HYPE is not a meme; it’s a real cash flow asset. End of 2026 target: $120-150, betting on sustained growth in perpetual contracts market share + ETF inflows + accelerated buybacks and burns. As long as fee income doesn’t collapse, every correction is a chance to add.

HYPE now is like SOL in 2024—

99% of people think “it’s risen too much,” but it went from 20 to 200.

It’s not that HYPE is too expensive, it’s that your perspective is too narrow. #我的Gate交易时刻 #TradFiCFD黄金大师赛 #预测世界杯西班牙VS佛得角 $BTC $ETH $HYPE