Integration + giant accumulation! $HYPE Can 70.8 still surge?


Fellas, HYPE has been continuously strengthening after breaking above 70.
News:
The largest African exchange announced the official launch of perpetual contract products on July 6, directly integrating blockchain, covering over 200 trading markets, including cryptocurrencies, stocks, commodities, forex, etc.
Technicals:
Current price has broken through the 65-68 consolidation range, and the price is above MA5/MA10/MA30.
Resistance above: 70.8-71, break above watch 72, strong resistance 74-75.
Support below: 68.3, strong support 67, key demand zone 65.2-65.7.
Gongming’s View:
Integration is a real adoption catalyst with strong fundamentals. However, approximately 9.92 million HYPE will be unlocked on July 6, and short-term selling pressure cannot be ignored. Additionally, HYPE's current FDV is about $63.4 billion, corresponding to a 76x annualized revenue multiple, making the valuation not cheap.
Trading Strategy:
Conservative: Wait for a pullback to around 68-68.5 to go long. Aggressive: Go long now near 70.
The bullish news is real, but so is the unlocking pressure. Don't chase highs; it's safer to wait for a pullback before acting.
#gStocks代币化股票上线 #非农爆冷打压加息预期
HYPE5.57%
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