HYPE: Wallet Sends 74.9K Tokens From Galaxy Digital to Coinbase

HYPE faced fresh selling pressure after a newly created wallet withdrew 74.9K tokens valued at $4.39M from Galaxy Digital and routed them straight to Coinbase for likely liquidation.

Price action shows HYPE at $58.79 testing the lower Bollinger band support at $58.69 while the EMA50 resistance at $62.25 and EMA200 at $64.43 cap upside in a bearish trend confirmed by the MACD death cross at -0.6; RSI at 35.52 leaves room for further downside before any bounce, shaping near-term HYPE price prediction and crypto market crash scenarios.