A popular crypto analyst thinks one top-30 altcoin is gearing up for a parabolic rally.
The pseudonymous analyst known as Altcoin Sherpa tells Its 240,200 followers on the social media platform X that hype, the utility token of decentralized perpetual futures exchange hyperliquid, could more than double in value this cycle.
“The pump to $50 will be glorious for hype. HyperLiquid. One of my bags. “
Looking at its four-hour chart, the trader suggests that Hype looks bullish as it is trading in a range with a lower bound of $18.53 and an upper bound of $26.57, and it is also trading above exponential moving averages.
Hype is trading at $23.20 over the past 24 hours at the time of writing, up 4.9%.
Next, the trader out Solana (SOL) has more room to run as Ethereum rival (ETH) threatens to clear the $260 resistance level on the weekly chart.
“Sol will still continue to grind and should still be the best layer-1 for the time being. Unsure if this is better than BTC, but I think in recent weeks it will continue to outperform ETH unless some serious changes happen. “
SOL is trading at $255 at the time of writing, up 1.8% in the last 24 hours.
Finally, the trader out That despite its recent correction He remains bullish on Fartcoin (Fartcoin), a memecoin that includes an artificial intelligence (AI) framework for generating ideas and content.
“This has failed, the same as the rest of the market. I’m not sure what to think on the over-the-counter news for Fartcoin, but I still see this as a great meme for this cycle…
Took some off my position, but still a lot. Overall, this is a pretty ugly move and I will reevaluate everything. Still bullish fartcoin, but I won’t tour this. “
Fartcoin is trading at $1.26 at the time of writing, down 12.2% in the last 24 hours.
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Generated image: midjourney
