HYPE: Wallet Accumulates 85,000 Tokens for $5.6M

HYPE drew fresh accumulation as a newly created wallet pulled 85,000 tokens worth $5.6M from Bybit over three days, with the address 0x008d9A5fc10072F1C1fF422428F6f8552daE295f now holding the position.

Price sits at $65.98 testing upper Bollinger resistance at $65.71 while RSI(14) at 70.69 signals overbought conditions; a healthy retracement toward the EMA50 support at $60.8 looks probable before continuation, especially with the MACD golden cross still intact and EMA200 at $56.88 providing deeper floor. This on-chain flow arrives amid ongoing HYPE price prediction debates and broader BTC liquidity rotation that traders track for follow-through.