HYPE: New ATH Crosses $59.5 on $11.62M Bybit Withdrawal

HYPE printed a fresh all-time high above $59.5 while a brand-new wallet pulled 198,535 tokens valued at $11.62 million straight from Bybit.

Over the last twelve months the token has carved out consistent higher lows against Bitcoin and broader risk assets, setting the stage for continued institutional accumulation.

Price action on the 4h chart now tests the upper Bollinger Band at $59.36 with RSI(14) already at 79.96, signaling short-term exhaustion; a measured pullback toward the EMA50 support at $47.58 remains the highest-probability path before the next leg higher, especially while the MACD golden cross stays intact.