Just 5 months ago, HYPE was trading under $10, and it has now reached its ATH $57 this September.
It’s not just a random rally because the underlying demand is real and steady, just like BNB.
Why do I say so?
Because last I checked, DUNE analytics, the sharp acceleration in total users and cumulative trades taken is making a one-sided mountain.
Its built-in blockchain has low fees centered around HyperBFT and HyperEVM; its combined power boosts traders’ interest.
HYPE has benefited mostly one of the strongest perpetual players.
The token burn mechanism is also boosting its demand. Even its own stable “USDH” is boosting a whole new layer of demand.
Apart from just words, the rally in HYPE supports our words too.
Now, rally has spiked $57 from ascending triangle, and now I believe a little retest of pattern’s neckline around $49-$51, would allow it to continue higher for $60 this September, while the year-end target is still $80+.
let’s see how the rest of the year rolls out.
