đš $HYPE Token: Consolidation or Capitulation?
Despite a sharp pullback in price, some analysts remain bullish on HYPE Token as Bitwise files for a Hyperliquid ETF with the SEC.
Crypto analyst Ardi points out that HYPE has a history of hitting new all-time highs, retracing ~20%, and then rallying to new levels â suggesting the current consolidation may be another setup for a breakout. He also dismissed the âAster is killing Hyperliquidâ narrative as short-sighted.
This comes as Aster â built on BNB Chain â saw its token surge 2,200% in one week before a 25% drop raised doubts about its staying power. Meanwhile, trader James Wynn warned of a potential âslow deathâ for Hyperliquid.
đ Key Numbers:
â«ïž Current HYPE price: $42 (down 24% this week)
â«ïž Daily trading volume: up 18% â signaling persistent volatility and active interest
đĄ Takeaway for investors: ETF filings & high-volume consolidations often precede major shifts. Will HYPE prove the doubters wrong again?
#Crypto #ETFs #HYPEToken #Hyperliquid #Blockchain
https://coingape.com/expert-projects-hype-token-upside-as-bitwise-files-for-hyperliquid-etf-with-sec/?utm_source=coingape&utm_medium=linkedin
