Crypto
HYPE Whale Unloads 71K Tokens on Exchange
A significant influx of HYPE tokens has been recorded at an exchange, with a whale wallet depositing 71,000 tokens valued at $6.48 million onto the platform.
This move comes after a withdrawal of 142,834.56 tokens on September 4 at a price of $86.15, and follows a period in which the wallet accumulated $6.99 million in ETHFI since September 29.
The current price action for HYPE sits within Bollinger Bands, with upper resistance at $92.04 and lower support at $84.42.
A technical analysis of the situation suggests a possible pullback toward the 50-EMA level of $89.55 before any further upward movement in the token's price prediction models.