HYPE: Whale Buys 20k More to Cut Average Price

HYPE whale address 0x008…E295f withdrew another 20,000 tokens from Coinbase worth $1.03 million, bringing total accumulation since June 11 to 240,000 HYPE at an average cost of $66.17 and current unrealized loss of $3.53 million.

Price action on the 4-hour chart shows HYPE at $51.63 trapped below the EMA50 resistance at $54.91 and the EMA200 at $60.46, with the MACD death cross at -1.02 confirming bearish momentum while the RSI at 37.85 leaves room for further downside before any bounce; the token trades inside the Bollinger Bands with upper resistance at $56.01 and lower support at $50.29, suggesting the next move hinges on whether buyers defend that lower band or yield to the prevailing downtrend.