HYPE Hits ATH as Sentiment Collapses 72%: Who’s Still Buying?

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<a href="https://jpykr.com/hype-usd/">HYPE</a> Reached New ATH After Sentiment Collapsed 72%: Who Is Still Buying?

Key Takeaways:

  • New ATH $64.60, +40% weekly on Binance.
  • Crowd certainty peaked May 21 at $58.66.
  • Price climbed 9% more after sentiment peaked.
  • Social sentiment dropped 72% from its 402 peak.
  • Post-peak avg sentiment: 113 vs 402 at top.

HYPE reached a record high of $64.6 on Binance yesterday, May 24th, finishing the week with a 40% increase. This surge has led to widespread predictions of a $250 price target within the crypto community. The upward trend is genuine and supported by a strong chart. The price has rebounded from a low of around $22 in December and has now surpassed its 50-day, 100-day, and 200-day moving averages ($44, $39, and $34 respectively). While the Relative Strength Index (RSI) is high at 75, it’s not unusually so for this kind of price increase.

However, there’s a hidden layer of data driving this surge that most people aren’t discussing, and it’s the most important factor in determining what will happen next.

The crowd peaked four days before the price did

Maksim Balance, from Santiment Intelligence, pointed out an interesting trend: excitement on social media about a particular cryptocurrency peaked on May 21st, reaching a score almost ten times higher than the daily average in April. This was when people on crypto Twitter were most confident and agreed with each other. Notably, the price at that moment was $58.60. The price then continued to rise by another 9% to its highest point, even though the social media excitement had already begun to decrease.

After reaching its highest point on May 21st, public opinion about HYPE quickly declined, falling to an average score of 113 – a 72% drop from its peak. Those who were most confident about HYPE had largely stopped discussing it by the time the price actually peaked.

This situation is typical when a stock’s price and public opinion start to separate. It means the price increase wasn’t just based on empty excitement – people continued to actually buy the stock even as the initial buzz died down. However, it also suggests that the most enthusiastic investors either already profited and sold, or they’ve lost hope. When these highly confident investors leave, it reduces the number of new buyers coming into the market.

What the chart confirms and what it doesn’t

Looking at the price chart, the recent increase isn’t just a temporary jump. Since the end of 2025, the price has been steadily climbing, consistently making higher lows. This recent surge to a new all-time high happened with significantly increased trading volume – the highest in months – suggesting it’s a genuine move and not a misleading one caused by low trading activity.

When a stock reaches all-time highs (ATH), traditional chart patterns become less reliable. Since the price has never been at this level before, there’s no past resistance to indicate where selling might occur. This creates both a potential for significant gains and a considerable risk, as there’s no historical data to predict where sellers will step in.

An RSI reading of 75 doesn’t automatically mean it’s time to sell. We saw a similar situation in September 2025 where the RSI remained high for weeks. Eventually, the price dropped considerably before stabilizing. Currently, the $44 level, marked by the 50-day Simple Moving Average, represents the first likely support level. If negative sentiment continues and the price loses momentum, this could mean a 30% drop from its all-time high.

The $250 target: the structure is real, the timing isn’t guaranteed

If HYPE’s price went from $64 to $250, that would be about a fourfold increase, potentially placing it among the top five cryptocurrencies by market capitalization, given its current supply. While achievable, current global economic conditions are challenging. Tensions between Iran and the US are creating instability in all risky investments, including crypto. A sudden worsening of these tensions could quickly wipe out recent gains, no matter how strong the underlying fundamentals are.

What sets HYPE apart from other altcoins is that the demand isn’t just coming from individual investors. It’s built into the system itself. Hyperliquid directs almost all trading fees from perpetual contracts into a fund that consistently purchases HYPE tokens from the market. This isn’t a one-time event; it’s a continuous cycle where increasing platform activity fuels more buybacks, and activity has been on the rise.

Furthermore, the recent launch of the first U.S. spot HYPE ETFs by Grayscale and 21Shares has made it easier for institutions to invest. These funds must hold actual HYPE tokens to support their shares, so any money coming into the funds directly increases demand for HYPE without relying on risky methods like leverage or synthetic exposure. In addition, venture funds and digital asset managers are also building long-term positions, creating even more consistent, non-speculative buying pressure.

Hyperliquid has evolved far beyond a typical perpetuals exchange. With the introduction of pre-IPO markets for private companies (HIP-3) and prediction markets (HIP-4), it’s becoming a comprehensive financial platform. This expansion allows it to gain traction in areas most DeFi projects haven’t explored, making it a strong revenue driver. This revenue then supports a buyback system, which ultimately benefits the platform’s value.

Reaching the $250 price target would require a fourfold increase from the current level, which is challenging given the unstable economic conditions and currently negative investor sentiment. While the company’s underlying fundamentals are solid, the timing of this growth is what investors should be monitoring closely.

The real question isn’t whether HYPE goes to $250

The key is whether you genuinely believe in a new high after careful consideration, or if you’re simply following a popular target you’ve seen everywhere. Markets aren’t bothered by positive expectations, but they *do* punish blindly following the crowd, particularly when that crowd has already taken profits and moved on.

Serious, long-term investors remain, but the short-term speculators have disappeared. This difference is what will determine what happens next.

This article is just for informational and educational purposes, not financial or investment advice. Coindoo.com doesn’t recommend any particular investment or cryptocurrency. Always do your own research and talk to a qualified financial advisor before investing.

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2026-05-25 19:10