$HYPE DOUBLE TOP THREAT VS 97% REVENUE BUYBACK 🔥
$HYPE is showing a double top pattern on the daily chart, which typically signals a potential reversal. But there's a unique counter: 97% of protocol revenue goes to token buybacks, creating demand pressure during selloffs.
The buyback mechanism can amplify price during liquidations, but I'm cautious. This reminds me of GMX's hot trend phase, and the ecosystem still lacks the depth of major L1s. Are you fading the double top or betting on the buyback?
Not financial advice. Always manage your risk.
#HYPE #DoubleTop #Buyback #DeFi #Crypto
🔥
$HYPE is showing a double top pattern on the daily chart, which typically signals a potential reversal. But there's a unique counter: 97% of protocol revenue goes to token buybacks, creating demand pressure during selloffs.
The buyback mechanism can amplify price during liquidations, but I'm cautious. This reminds me of GMX's hot trend phase, and the ecosystem still lacks the depth of major L1s. Are you fading the double top or betting on the buyback?
Not financial advice. Always manage your risk.
#HYPE #DoubleTop #Buyback #DeFi #Crypto
🔥