Currently, HYPE's price action is a typical 'high-level consolidation to shake out traders' pattern.


The price is hovering around $68, down about 11% from its all-time high, but the monthly chart is still bullish, up 150% in six months. Market cap is $17.1 billion, ranking ninth overall. The 68-70 range above is the first resistance; only if it breaks through can we look at the previous high of 76-77. Below, 60-62 is a solid bottom, supported by the EMA20 and EMA50.
The biggest characteristic of this coin: the platform uses 99% of fees to buy back and burn HYPE, buying back over $1 billion worth per year. The more the platform earns, the more it buys back, and the lower the circulating supply. Since the ETF launch a month ago, net inflows have been $184 million, with institutions adding positions against the trend.
In terms of operation, wait for a retrace to the 60-62 area to hold before re-entering; don't chase highs.#GUSD年化升至3.8% $HYPE
HYPE-1.54%
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