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Crypto

Bitwise Sells $6.7M HYPE Tokens from BHYP ETF Wallet

Guavy AI Editorial Team
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Bitwise has moved 84.32K HYPE tokens worth $6.71M from its BHYP ETF wallet to Coinbase, suggesting an imminent sale of these assets.

The price of HYPE is currently sitting at $80.01 within a range defined by Bollinger Bands with upper resistance at $81.4 and lower support at $77.33.

The 50-EMA at $81.14 is capping the upside, while the 200-EMA at $75.11 provides a deeper floor for the token's price movement.

The Relative Strength Index (RSI) is neutral at 48.95 and the MACD golden cross is at -0.4, indicating limited momentum in HYPE's price action.

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