HYPE: Wallet Pulls 57K Tokens From Coinbase
HYPE sees 57K tokens (~$3.36M) withdrawn from Coinbase by new wallet as price holds $59.93 with bullish MACD on 4h chart.
SourceAnalysis
HYPE faced immediate selling pressure after a fresh wallet withdrew 57K tokens worth $3.36M from Coinbase, raising questions on distribution versus accumulation ahead of the next leg.
Price currently sits at $59.93 inside the Bollinger Bands with upper resistance at $60.87 and lower support at $55.79. The 50-EMA at $57.33 and 200-EMA at $58.64 both act as layered support while MACD registers a bullish golden cross at 0.9 and RSI at 65.54 stays neutral, suggesting any pullback toward the 50-EMA could attract dip buyers before continuation. Traders tracking HYPE price prediction and broader crypto market crash scenarios now monitor wallet flows alongside Bitcoin correlation for confirmation.
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