📉 $HYPE JUST PULLED BACK 10% FROM ATH.
Dip or double top? Here’s what I’m watching.
📍 Price action:
• ATH: $76.70, hit June 16, 2026
• Current: $68 (–11% from peak)
• RSI: 60 neutral, not oversold
📍 Here’s Why HYPE Ran:
• Bitwise $HYPE ETF launched May $221M in net assets already.
• ETF inflows outpacing XRP on a % basis
• Fee buyback engine funneling 90% of USDC yield buybacks
• Grayscale named one of 5 DeFi tokens with real utility
📍 Here’s My Bull case: Expanding beyond crypto perps into equities, forex & commodities on chain. Arthur Hayes has a public $150 target by Aug 2026.
📍 The Bear case: Double top forming at $76–$77. BTC is weak at $64K. If $BTC bleeds, follows.
📍 Key level: Hold $65 or risk a retest of $52.
🔵 I hold $HYPE. NFA | DYOR