HYPE Price Eyes $100 Breakout Amid Whale Withdrawal and Bullish Momentum

Hyperliquid (HYPE) is gaining momentum as investors anticipate a breakout above key resistance. The token's price has been steadily increasing, and recent whale activity on Coinbase may be contributing to this trend.

According to data from Onchain Lens, a large wallet has withdrawn $10.69 million in HYPE tokens from Coinbase. This withdrawal is being interpreted as a potential whale accumulation play, which could lead to increased buying pressure and a price surge.

The level of $65 is seen as an important technical level for the token. A breakout above this level would reinforce the bullish setup for HYPE and potentially send the price soaring towards $100.