Loracle: Closes $HYPE Shorts After $36.7M Loss

Loracle has begun unwinding short positions in $HYPE, $LIT and $VVV, already realizing over $36.7M in losses on the first two tokens according to on-chain data from hypurrscan.

Price action on the HYPE 4h chart shows the token holding a bullish trend structure above the EMA50 at $60.27 and EMA200 at $51.03, with MACD confirming the golden cross at 1.94 while RSI sits neutral at 66.59; trading inside the Bollinger Bands places immediate resistance at the upper band of $69.32 and support at the lower band of $54.88, suggesting any extension toward that upper band could trigger a measured pullback to the EMA50 before continuation. This development arrives as traders monitor HYPE price prediction models and broader crypto market analysis for signs of short-covering flows across leveraged positions.