Multicoin Capital: Sends HYPE to Coinbase

Multicoin Capital transferred 101.34K HYPE (~$5.60M) to Coinbase after receiving 1.29M HYPE (~$71.1M) from Hyperliquid following the seven-day unstaking wait.

HYPE price prediction faces pressure as the 4h chart shows price at $55.72 testing inside Bollinger Bands with upper resistance at $61.28 while EMA50 at $58.63 and EMA200 at $62.23 act as concrete resistance layers above, and MACD death cross at -0.96 reinforces the bearish trend structure with RSI at 36.88 leaving room for further downside toward lower support at $54.12 before any reversal.