Analysts single out the most bullish crypto asset to watch
AI Market Summary
Analyst sentiment ranks HYPE first among major crypto assets at +2.3 standard deviations, with BNB, SOL, BTC and ADA trailing. The bullish case rests on fee-driven buybacks totalling roughly $1.26 billion, now supplemented by USDC reserve income, creating recurring demand even as broader markets weaken. However, HYPE trades below its 50-day SMA with RSI near 37, so momentum remains soft and target prices of $100-120 hinge on volume-dependent fee revenue.
Impact level
● Medium
Affected assets
HYPE/USDT+0.74%
AI Insight · HYPE/USDTAI Insight
▲ Bullish
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CryptoQuant analyst Ki Young Ju published bullish sentiment scores for major crypto assets on October 18. BNB led at +1.5, followed by SOL at +1.3, BTC and ADA at +1.2 each, XRP at +1.1, ETH at +0.6 and UNI at +0.5. The bullish focus centered on Hyperliquid (HYPE), whose fee-driven buyback program had accumulated about $1.26 billion by mid-October and began drawing on USDC reserve earnings in October with an initial $14.58 million. Analysts set a bullish price target of $100 to $120 for HYPE.
