Technical analysis by niggy about Symbol HYPE: Sell recommendation (9/19/2025)

In the world of memecoins, during the previous cycle you had token with "baby" appended in front of a bigger token's name. Their purpose was to use token tax collected from its trading (5% mostly) and use it to buy the main memecoin. These were the origins of beta play memecoins. In this cycle, we had beta plays that didn't benefit the main coin in any way but they were made as a coping mechanism for people who missed out on the main one. Examples include countless WIF derivatives, blonde and brunette on base, trump and melania on sol earlier this year. Regardless, in both the cases arrival of beta plays kills the main coin and ofcourse itself too. In previous cycle one would argue it made people think "what is the inherent value of this token if not collecting taxes to buy the main one? Why then shouldn't I buy the main one. Then their minds would ponder " what is the inherent value of the main one even? Why should I buy it?" And everything would nosedive. In this cycle, their is shortage of retail liquidity so arrival of beta plays sucks out monetary liquidity and attention liquidity from the main coin and injects it into the derivative. The derivative coin pumps while the main one dies. And then people realise the derivative doesn't have as much meme power as the main one. So this dies too and people move on to the next one. But that's about memecoins. Such kinds of things shouldn't happen to serious chains right? Well i don't know if we should consider anything serious really. Call me silly but i see parallels between hype this cycle and luna last cycle. Both attracted people who wanted decentralisation above anything else. Although in case of hype the decentralisation factory is disputed, we can keep that talk for a later date. So cults can take things to the top but can they keep it up there? Maintainance is harder than the rise. I'm not saying it will crash and burn like luna but at some point the bells will be rung, and we'll be too busy partying loudly to hear them. Binance founder came out of prison and decided to launch his own version of hyperliquid to vamp attack hype. This shouldn't be that concerning because eth and bnb have coexisted forever... Right? Not really. Hype is not eth. If you were there to see eth go from ico to $100 you'd understand what I'm saying. But regardless, this cycle even eth is struggling and bnb is breaking ATH after ATH. I was never a fan of binance ecosystem but i recently learned the chinese crypto community lives in their own world. For them BNB is both BTC and ETH. And anything the binance people make them believe. I'm not the biggest fan of Aster but chinese community+ hyperliquid factory + the fact that most retail normal people outside Anglo countries use binance makes me think.... HYPE is short term bearish desu.