HYPE: Whale Opens $11.16M Short at 10x Leverage

HYPE absorbed a whale short of 218,406 tokens at 10x leverage worth $11.16M with liquidation at $60.9, alongside a spot sale of 64,401 tokens for $3.08M USDC in the past two hours.

Price action at $57.34 tests the upper Bollinger Band resistance of $58.05 while RSI(14) prints 77.8 in overbought territory and MACD maintains its golden cross; this confluence points to a probable retracement toward the EMA50 support at $47.11 before any extension higher in the prevailing bullish structure defined by the EMA200 at $43.21.