Galaxy Digital: Transfers 55.99K HYPE to Gate Exchange

Galaxy Digital shifted 55.99K HYPE tokens valued at $4.15M from its OTC wallet to Gate Exchange in a move widely viewed as preparation for sale.

Price sits at $74.16 inside the Bollinger Bands with upper resistance at $79.63. With price testing upper Bollinger resistance while RSI flashes overbought at 78.7, a healthy retracement to the 50-EMA support at $62.9 seems probable before further continuation. The MACD golden cross at 4.12 keeps the broader structure bullish above the 200-EMA at $60.24, a level that has held since the last six months of consolidation. Traders tracking HYPE price prediction now weigh the risk of near-term distribution against the intact uptrend.