HYPE Buybacks Hit $500M: Crypto’s Wild Ride to $50? 😂

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Oh, Hyperliquid, you’re like that friend who keeps promising to turn things around after one too many bad bets in the crypto casino. Buybacks, ecosystem mumbo-jumbo, and some technical voodoo are lining up like ducks in a row-or so they say-for what might just be the rebound we’ve all been sarcastically praying for. With on-chain activity buzzing like my neighbor’s leaf blower at dawn and the price holding steady(ish), even the skeptics are flipping bullish. Or at least pretending to. 📈🤷‍♂️

Buyback Shenanigans: Beefing Up Fundamentals Like a Boss (Or Not)

Hyperliquid’s buyback machine is chugging along, hoarding over $521 million worth, which apparently wipes out more than 5.6% of the floating supply. It’s like they’re vacuuming up their own mess from 2025, all powered by protocol revenue that sounds way more reliable than my dry cleaner’s promises. 💸😏

This whole shrinking supply act is supposed to prop up the price when it dips-like a safety net made of dollar bills-and make the bulls feel all warm and fuzzy inside. From March to October, it’s been this non-stop accumulation party, proving Hyperliquid’s got legs (or at least doesn’t trip over its own feet as often). Investors are nodding along, on-chain metrics screaming “bullish!” like an overenthusiastic sports fan. Long-term confidence? Yeah, because nothing says forever like crypto sustainability. 🙄😂

Buybacks Keep Rolling: Bulls Clinging On Like It’s Their Job

Yesterday, they scooped up another $3 million in HYPE-shoutout to Tobias Reisner for the play-by-play-pushing the monthly total to $108 million. It’s like they’re addicted to buying back their own stuff, showing “deep market conviction” or whatever the analysts call it when you’re just hoarding tokens in your basement. 🏠💰

If this pace doesn’t fizzle out like my attempts at gardening, it could nudge HYPE’s price upward in the short term and make the medium outlook less depressing. We’re talking pushes back to those pesky resistance zones, especially as the market stops being such a drama queen and improves. Fingers crossed, or whatever crypto folks do instead of that. 🤞

On-Chain Twists: Because Why Not Add More Layers to This Mess?

Enter HyperEVM activation, which is apparently layering on the strength like extra cheese on a mediocre pizza. Sayan chimes in that HYPE’s still bullish as it launches on Backpack-sounds fun, right? Technically, it’s all tightening around that $34 to $37 support zone, which has bounced back more times than I’ve awkwardly excused myself from small talk. 📊🍕

If the buyers don’t drop the ball and hold above this magical zone, next up is resistance at $40 to $42, then $45 where all the old highs crash the party. That higher low? It’s like the market’s whispering “accumulation” while plotting a sneaky trend reversal. With fundamentals that aren’t total garbage, this could mean HYPE ditches the consolidation rut for a slow crawl upward. Recovery, anyone? 😜

HYPE Price Prediction: Technicals Finally Not Screwing Us Over

Courtesy of ctm_crypto’s charts, HYPE’s busting out of its downtrend and retesting the line like it’s double-checking its outfit before a bad date. This move? Classic prelude to rallies that drag on forever. Targets? $38.50 to $40.90 short-term, $45.90 if we’re lucky (or delusional). 📉➡️📈

A quick retest down to $36.00-$36.50 could solidify support. If this price nonsense holds water, we’re looking at a smooth shift from hoarding mode to “let’s expand this bubble.” Bullish prediction incoming-don’t say I didn’t warn you when it all goes sideways. 😉

Medium-Term Upside: Because Crypto Needs More Teases

Slug’s chart is whispering that HYPE’s “getting closer to looking biddable”-translation: maybe worth buying without immediate regret-hinting at an upward flip by mid-November or early December. After that deep correction (read: market tantrum), it’s basing out like it’s prepping for a comeback tour. 🎸🤦‍♂️

Momentum’s coiling up tighter than my patience in traffic, with low-timeframe accumulation peeking through. If the big-picture sentiment doesn’t stay grumpy, this could brew into a recovery that’s actually sustainable-aiming for mid-$50s this quarter. Dream big, or at least sarcastically so. 🌟

Wrapping It Up: Hyperliquid’s Next Awkward Step?

Hyperliquid’s picking up steam, technically and fundamentally, like it’s finally getting its act together after years of crypto chaos. Buybacks that won’t quit, ecosystem perks that sound useful, and investors dipping toes back in-it’s almost encouraging. Or is it? 😅

  • Sustained Buybacks: Fueling the Next Climb, or Just Another Tease? This supply squeeze is a built-in win, ready to pump prices once the market chills out. Because nothing stabilizes sentiment like less tokens floating around. 📈😂

  • Base at $34-$37: Defended Like a Parking Spot in LA. Buyers are stubborn here; close above $40 and it’s officially bullish-short-term, at least. No more dipping excuses. 🚗

  • Positive Vibes Ahead: Fundamentals solid(ish), on-chain growth, momentum perking up-HYPE’s geared for a rebound, eyeing $45-$50 soon. Don’t jinx it! 🤞

All in all, Hyperliquid’s got one of the least disastrous setups in this crypto circus. Progress? In my book, that’s high praise. 🎪

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2025-10-20 16:38