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Crypto

Hype Whale Withdraws $7.3M From Coinbase Prime Amid Neutral Indicators

Guavy AI Editorial Team
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A significant withdrawal has been recorded from Coinbase Prime, involving HYPE tokens. According to on-chain data from @nansen_ai reported by @OnchainLens, a whale withdrew $7.3 million worth of HYPE tokens from their wallet. The price action for HYPE currently sits at $55.17, within the Bollinger Bands range with upper resistance at $55.48 and lower support at $53.84.

The EMA50 at $54.99 serves as a long-term support above the EMA200 at $58.51. The MACD golden cross is at -0.04, while the RSI is neutral at 52.58. This suggests that any HYPE price prediction should factor in a potential healthy retracement to the 50-EMA before continuation amid broader crypto market movements.

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