Crypto Analyst Sees HYPE Cooling After Explosive Run, Eyes New Entry

Crypto analyst Altcoin Sherpa has weighed in on $HYPE’s recent price action, suggesting that the token may have completed the majority of its current bullish leg.

In a tweet on July 27, Sherpa stated that while he still holds a long-term position in HYPE for staking, he expects a deeper pullback before the next major rally.

“Great coin, great metrics, insane revenue and team,” he wrote, “but I think that anyone looking for great gains like the leg from 9–40 should reevaluate.”

The chart attached to the tweet supports his sentiment. Hyperliquid surged from around $9 to over $40 in a rapid and powerful move, driven by strong fundamentals and a wave of retail and whale interest. However, after topping out, the price began to form lower highs—a classic signal of short-term exhaustion.

Sherpa notes that while the project has significant upside in the long run, the current risk-reward may not be favorable for new entrants. He expects HYPE to “go much higher later on,” but is personally waiting for a more substantial dip before actively adding to his position again.

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This perspective is consistent with broader market behavior following explosive memecoin runs. HYPE, which gained traction on social media and saw major token burns and revenue headlines, appears to be entering a cooling phase. Trading volume has begun to taper off, and the chart reveals several attempts to break resistance levels without follow-through.

For now, seasoned traders like Sherpa are favoring patience over FOMO. The next leg, they suggest, may not come immediately—but could be even stronger once the market resets and recharges.

Investors are advised to watch for consolidation and volume patterns that could signal a base forming. Until then, HYPE’s story remains one of strong fundamentals—just awaiting its next big move.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.