HYPE: Whale Stakes $91.7M After CEX Withdrawals

HYPE faces continued accumulation pressure as address 0xeef3BE98fbAC9a11c73713255Fe871D1E694D00C pulled 136500 tokens worth $10 million from OKX and other exchanges nine hours ago before staking them, pushing cumulative withdrawals since June 1 to 1.314 million HYPE valued at $91.67 million at an average price of $69.7.

Price action on the 4h chart shows HYPE trading at $72.15 inside the Bollinger Bands with upper resistance at $77.6, while the EMA50 at $66.13 and EMA200 at $58.74 act as layered supports; despite the MACD death cross at 2.7, neutral RSI at 58.48 suggests any pullback would likely find bids near the 50-EMA before a test of the upper band resumes.