HYPE: Bullish Thesis Holds Near ATH Break

HYPE delivered the strongest returns through the prior bear market and now sits just below all-time highs with Aqav2 launching in six days to drive an extra $500-600k in daily fees straight to token burns.

Traders bullish on Bitcoin and broader crypto volumes see direct upside for HYPE because 99% of trading fees convert to burns, and any doubling of on-chain activity could push that figure past $1m per day.

Price action on the 4h chart shows HYPE trading at $72.27 inside the Bollinger Bands with the upper resistance at $77.66 while RSI(14) at 75.24 flashes overbought and MACD holds a bullish golden cross at 4.02; with price testing that upper band resistance while momentum signals stretched conditions, a healthy retracement toward the EMA50 support at $61.97 looks probable before continuation into price discovery.