HYPE: Whale Adds to $20M Short as Price Hits $57.45

HYPE keeps climbing and whale 0x842 just scaled its 5x short to 353,832 tokens valued at $20M, now sitting on a $1.88M floating loss after dumping another 61,044 tokens to bring total sales to 125,444 HYPE for $6.5M at a $52 average.

Price action shows HYPE trading inside the Bollinger band with upper resistance at $58.07; the RSI at 78.37 already flags overbought conditions while the MACD golden cross and EMA50 at $47.12 continue to act as the key long-term support, suggesting a probable retracement toward that level before any fresh continuation higher.