Hyperliquid: Whale Sells $5.81M HYPE

Hyperliquid whale 0xc745044ae202b60d3ef5ee89a5f6738011651464 sold 91.1K $HYPE worth $5.81M in the past 24 hours and withdrew USDC after weeks of silence, reversing months of accumulation that totaled 861.1K tokens valued at $55.3M since April.

Price action on the 4h chart shows $HYPE at $59.82 inside the Bollinger Bands with upper resistance at $70.55 and lower support at $57.63; the bearish trend structure places EMA50 at $64.89 and EMA200 at $65.94 as concrete resistance while MACD death cross at -1.71 and neutral RSI of 32.04 point to continued downside pressure before any recovery in HYPE price prediction amid broader crypto market crash concerns.