1 month ago
15
Key takeaways
- HYPE rebounded near $65.74 on June 29, up close to 6%, reclaiming its key moving averages.
- About 99% of protocol fees buy back HYPE, tying demand to platform usage.
- Multicoin’s base case sees $319 by 2028, roughly fivefold upside.
- The bounce came after a softer week, read as a cooldown rather than capital leaving.
The move lifted the token back above its short-term moving averages on the intraday chart and kept it inside the top ten by market value, even though its weekly reading stayed slightly negative following the pullback from the all-time high set earlier in June. The timing was not incidental: the rebound landed in a week when the network kept adding products and drew unusually heavy institutional attention, and that backdrop explains far more than the candle...
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