HYPE: Analyst Flags New ATH Path on BTC Strength
HYPE trades at $67.62 with bullish EMA structure as Michaël van de Poppe forecasts new ATH amid altcoin summer liquidity flows from rising Bitcoin.
SourceAnalysis
HYPE approached critical resistance after a sharp selloff, yet Michaël van de Poppe sees no barrier to reclaiming highs in coming days provided Bitcoin sustains its climb and channels liquidity into outperforming alts.
Price sits at $67.62 inside the Bollinger band with EMA50 support at $61.64 and EMA200 at $57.15 anchoring the bullish structure, while MACD golden cross at 2.24 confirms trend strength; however RSI at 70.88 near upper band resistance of $69.09 points to likely consolidation toward the 50-EMA before continuation, aligning with HYPE price prediction models that favor strong altcoin summer continuation over any crypto market crash scenario.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast