HYPE: Whales Sell $64.82M via FalconX
HYPE whales sold 871000 tokens worth $64.82M through FalconX in six hours while price holds at $72.53 on bullish 4h structure.
SourceAnalysis
HYPE whales and institutions dumped 871000 tokens worth $64.82M through FalconX over the past six hours. At $72.53 the token trades inside its Bollinger band with upper resistance at $78.51 and lower support at $52.6. The 4h structure remains bullish as EMA50 sits at $62.39 and EMA200 at $60.08, yet RSI at 76.23 signals overbought conditions while MACD holds a golden cross at 3.99. With price testing upper Bollinger resistance while RSI flashes overbought, a healthy retracement to the 50-EMA support at $62.39 seems probable before further continuation. The sale adds fresh supply that could reshape HYPE price prediction models and heighten crypto market crash fears.
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