HYPE: Fresh Wallet Pulls 33.81K Tokens From Coinbase

HYPE saw a fresh wallet withdraw 33.81K tokens valued at $1.88M from Coinbase to address 0x0d9b8A7bA4855F10611C08D50d8d4C2717cCB9dF. Price action sits at $56.5 inside Bollinger Bands with upper resistance at $58.29 and lower support at $54.41 while the EMA50 holds at $55.77 as concrete support and the EMA200 caps at $58.3. Momentum shows RSI(14) at 53.54 in neutral territory yet MACD registers a bearish death cross at 0.29, suggesting any push toward upper band resistance may stall and trigger a retracement to the 50-EMA before continuation. On-chain flows like this directly shape HYPE price prediction models, ease crypto market crash concerns among institutions, and highlight Bitcoin correlation effects on altcoin accumulation.