$12M in HYPE Tokens Flows Into Hyperliquid as Price Hits $83.50

Bitwise has moved significant amounts of HYPE tokens in recent days. On June 1st, the company shifted another 82,580 $HYPE worth roughly $7.11 million from its BHYP wallet into Hyperliquid, bringing the six-day total to 145,170 tokens valued at $12.04 million.

The current price of HYPE sits at $83.50 within the Bollinger band, with upper resistance at $85.38 and lower support at $78.87. The 50-EMA at $77.91 serves as primary support, while the 200-EMA at $66.99 anchors the longer-term bullish structure.

However, a neutral RSI reading of 58.55 alongside a MACD death cross of 1.63 suggests a possible healthy pullback to the 50-EMA before any continuation higher on HYPE price prediction models. This indicates that investors should be cautious and prepare for potential volatility in the market.