HYPE: Trader Deposits $5M After $6.97M Loss

Hyperliquid trader asssdfc deposited 5 million USDC and reopened 16.81 million dollars in long positions across SNDK, SKHX and MRVL after booking a 6.97 million dollar loss shorting HYPE in May and clawing back 1.84 million dollars long US and Korean equities in June.

Price sits at 67.18 dollars inside the Bollinger band with upper resistance at 71.88 dollars and lower support at 65.24 dollars. The 50-EMA at 67.67 dollars caps upside while the 200-EMA at 61.07 dollars anchors the broader bearish structure; MACD death cross at negative 0.6 reinforces downside pressure even as RSI at 46.55 shows neutral momentum. With price testing upper Bollinger resistance at 71.88 dollars while the death cross persists, a healthy retracement toward the 50-EMA support at 67.67 dollars appears probable before any sustained continuation, shaping near-term HYPE price prediction scenarios for leveraged desks.