HYPE: New Wallet Withdraws $39.88M From Coinbase

HYPE faced immediate selling pressure after a newly created wallet withdrew 573001 tokens valued at $39.88M from Coinbase on June 16 2026.

Price action at $69.5 sits inside the Bollinger Bands with upper resistance at $71.0 while RSI(14) at 73.89 flashes overbought and MACD maintains its golden cross above zero. With price testing upper Bollinger resistance while RSI signals exhaustion a healthy retracement to the EMA50 support at $62.22 looks probable before further continuation. Traders tracking HYPE price prediction now watch whether the 200-EMA at $57.34 holds during any pullback.