Crypto Analyst Eyes $50 Target for $HYPE Amid Steady Climb

In a tweet shared on May 1, he revealed that he recently opened a small perpetual position on the token, citing strong fundamentals and growing momentum.

Despite uncertainty over how long he will hold the position, Sherpa referred to $HYPE as “one of the best utility coins and projects out there,” and wouldn’t be surprised if it surged to $50—provided Bitcoin and broader market conditions remain healthy.

Chart Signals Renewed Momentum

The accompanying chart shows $HYPE breaking out from a multi-week resistance zone near the $21 level, with increasing volume and consistent higher lows. The breakout area is marked clearly with a horizontal resistance line, which the price has now reclaimed. This suggests a potential shift in trend from consolidation to accumulation.

Should the bullish momentum continue, Sherpa’s ambitious $50 target—more than 2x from current levels—could be in sight.

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However, this outlook hinges on favorable trading conditions across the crypto market, particularly Bitcoin’s stability.

The tweet, which has garnered over 7,000 views, reflects growing retail interest in lower-cap altcoins amid the broader crypto market’s bullish undertone.

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