After big gains in recent weeks, markets have pulled back.
But there’s always a bull market somewhere, just use altFINS to find it. Our HOT trade setups have earned our member some hefty gains in recent weeks. See here.
HYPE (Hyperliquid) token has been on our HOT trade setups list for months, ever since it broke out of a Channel Down, a classic trend reversal pattern, in February.
It’s up 140% now and has reached our $60 price target.
HYPE: +140% Gain since Breakout from Channel Down
What’s next for HYPE?
$60 is a stiff resistance. Price is also overbought (RSI > 70), hence, we're likely to see some profit taking.
We would be buyers on pullbacks to $50 key level for another +20% potential upside back to $60.
There's excitment building around their launch of pre-IPO markets (SpaceX), as well as prediction markets (ala Polymarkets, Kaishi, etc.) and increased volumes of perpetual contracts on Gold, Silver and other RWAs.
This is one of the highest revenue producing blockchain projects with an estimated $700M annual revenue, of which 97% goes towards token buybacks.
Also, recent partnership with Circle regarding USDC on Hyperliquid could generate $150M in annual revenue and $400,000 in daily buying pressure for HYPE.
We asked AI about HYPE
Using our new AI Trade Setup tool, which evaluates over 150 indicators and 130 signal types, we got a similar trade setup:
You can now get instant AI trade setups for 2,000 coins across 5 time intervals.
Try AI Trade Setups here and find your next High Confidence trade idea.
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