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Crypto

Fresh Wallet Withdraws $1.88M in HYPE Tokens from Coinbase

Guavy AI Editorial Team
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HYPE's price action has been closely watched after a fresh wallet withdrew 33.81K tokens (~$1.88M) from Coinbase at $56.06.

The move comes as the token trades above its EMA50 support of $55.81, yet capped by EMA200 resistance at $58.28.

A neutral RSI of 49.59 and a MACD death cross at 0.17 point to consolidation that targets lower Bollinger support at $55.23 ahead of any retest of upper band resistance at $57.91 for HYPE price prediction updates.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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