Analyst Says ‘Glorious’ Pump Incoming for Top-30 Altcoin, Outlines Path Forward for Solana and Fartcoin
A popular crypto analyst thinks one top-30 altcoin is gearing up for a parabolic rally. The pseudonymous analyst known as Altcoin Sherpa tells his 240,200 followers on the social media platform X that HYPE, the utility token of decentralized perpetual futures exchange Hyperliquid, may more than double in value this cycle. “The pump to $50 will be glorious for HYPE. Hyperliquid. One of my bags.” Source: Altcoin Sherpa/X Looking at his four-hour chart, the trader suggests that HYPE is looking bullish as it has been 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 for $23.20 at time of writing, up 4.9% in the last 24 hours. Next up, the trader says Solana (SOL) has more room to run as the Ethereum (ETH) competitor threatens to take out the $260 resistance level on the weekly chart. “SOL is still going to keep grinding up and still should be the...