HYPE is currently consolidating in a bull pennant formation around its previous all-time highs after a 50% weekly increase, with a breakout expected within two weeks. The asset is trading near $62.00, and the analyst suggests a potential short dip following the monthly close may provide an entry point for sidelined investors. Sentiment remains strongly bullish, with the analyst stating they do not expect HYPE to return to the $50 price level.