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Crypto

Whale Loads Up on HYPE Tokens Amid Broader Crypto Market Crash

Guavy AI Editorial Team
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A significant accumulation of HYPE tokens by a whale has been observed on Coinbase Prime. The whale withdrew 46.8K tokens worth $3.65M from its account, following a previous withdrawal of 33.81K tokens last week for a total of 80.6K tokens valued at $5.53M.

The address associated with this accumulation, 0x0d9b8A7bA4855F10611C08D50d8d4C2717cCB9dF, continues to build its exposure to HYPE. Despite the broader crypto market showing crash signals, price prediction models are tracking the move.

HYPE's current price of $79.45 holds above the EMA50 support at $72.35 within a bullish trend structure. However, the token is testing the upper Bollinger resistance at $82.36, and neutral RSI readings paired with a MACD death cross at 2.17 suggest a probable retracement toward the 50-EMA before any potential extension higher.

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